Jefferies Maintains a 'Hold' on Boston Private Financial (BPFH);
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Price: $9.94 +1.43%
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BPFH Now!
Jefferies maintains a 'Hold' on Boston Private Financial (NASDAQ: BPFH) price target of $11.00 (from $10.50).
Analyst, Casey Haire, said, "We have raised our earnings forecast and price target following our road trip with CEO Clay Deutsch and CFO David Kaye. Despite NIM compression and slower loan growth, we still expect ROE expansion from here given incremental cost saves and mgmt's emphasis on fee growth. Our new 2013 EPS estimate implies an ROE below mgmt's 11% target, but above consensus, which should trump any disappointment on any further ROE shortcomings."
FY12 EPS estimate raised $0.01 to $0.62 and FY13 from $0.75 to $0.80.
For an analyst ratings summary and ratings history on Boston Private Financial click here. For more ratings news on Boston Private Financial click here.
Shares of Boston Private Financial closed at $9.84 yesterday, with a 52 week range of $5.25-$10.75.
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Analyst, Casey Haire, said, "We have raised our earnings forecast and price target following our road trip with CEO Clay Deutsch and CFO David Kaye. Despite NIM compression and slower loan growth, we still expect ROE expansion from here given incremental cost saves and mgmt's emphasis on fee growth. Our new 2013 EPS estimate implies an ROE below mgmt's 11% target, but above consensus, which should trump any disappointment on any further ROE shortcomings."
FY12 EPS estimate raised $0.01 to $0.62 and FY13 from $0.75 to $0.80.
For an analyst ratings summary and ratings history on Boston Private Financial click here. For more ratings news on Boston Private Financial click here.
Shares of Boston Private Financial closed at $9.84 yesterday, with a 52 week range of $5.25-$10.75.
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