Boston Private Financial Holdings, Inc. to Post Q4 2017 Earnings of $0.24 Per Share, FIG Partners Forecasts (BPFH)

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Analysts at FIG Partners decreased their Q4 2017 earnings per share (EPS) estimates for Boston Private Financial Holdings in a research report issued on Thursday. FIG Partners analyst C. Marinac now anticipates that the bank will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. FIG Partners also issued estimates for Boston Private Financial Holdings’ Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.02 EPS.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Boston Private Financial Holdings had a net margin of 18.44% and a return on equity of 10.03%. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.00 million. ILLEGAL ACTIVITY NOTICE: This piece of content was published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://weekherald.com/2017/10/21/boston-private-financial-holdings-inc-to-post-q4-2017-earnings-of-0-24-per-share-fig-partners-forecasts-bpfh.html.

BPFH has been the subject of several other research reports. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.00.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) opened at 16.25 on Friday. The stock has a 50 day moving average of $15.79 and a 200 day moving average of $15.43. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 19.14 and a beta of 1.09. Boston Private Financial Holdings has a 12-month low of $12.45 and a 12-month high of $17.88.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.71%. Boston Private Financial Holdings’s dividend payout ratio (DPR) is 51.16%.

A number of large investors have recently modified their holdings of BPFH. Louisiana State Employees Retirement System raised its holdings in Boston Private Financial Holdings by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 34,300 shares of the bank’s stock worth $527,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in Boston Private Financial Holdings by 0.5% during the second quarter. Arizona State Retirement System now owns 43,911 shares of the bank’s stock worth $674,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank raised its holdings in Boston Private Financial Holdings by 2.6% during the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after purchasing an additional 290 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Boston Private Financial Holdings by 0.6% during the second quarter. Nationwide Fund Advisors now owns 70,809 shares of the bank’s stock worth $1,087,000 after purchasing an additional 397 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Boston Private Financial Holdings by 0.7% during the second quarter. Sei Investments Co. now owns 63,502 shares of the bank’s stock worth $975,000 after purchasing an additional 472 shares in the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Private Financial Holdings

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Earnings History and Estimates for Boston Private Financial Holdings (NASDAQ:BPFH)

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