Analysts Expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to Post $0.23 EPS

Wall Street brokerages expect that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will announce earnings of $0.23 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Boston Private Financial’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.22. Boston Private Financial reported earnings per share of $0.25 during the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that Boston Private Financial will report full-year earnings of $0.95 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.98. For the next financial year, analysts expect that the business will report earnings of $0.97 per share, with EPS estimates ranging from $0.93 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $81.84 million for the quarter, compared to analyst estimates of $85.25 million. Boston Private Financial had a return on equity of 10.68% and a net margin of 21.54%. During the same period in the prior year, the firm posted $0.21 earnings per share.

Several equities analysts recently issued reports on the company. BidaskClub raised Boston Private Financial from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. TheStreet cut Boston Private Financial from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, ValuEngine raised Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 20th.

In related news, CFO Steven M. Gaven purchased 3,800 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $10.53 per share, with a total value of $40,014.00. Following the completion of the acquisition, the chief financial officer now directly owns 11,412 shares in the company, valued at approximately $120,168.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gloria C. Larson purchased 7,226 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $10.08 per share, with a total value of $72,838.08. Following the completion of the acquisition, the director now owns 23,075 shares of the company’s stock, valued at $232,596. The disclosure for this purchase can be found here. Insiders own 1.87% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BPFH. BNP Paribas Arbitrage SA raised its holdings in shares of Boston Private Financial by 866.5% in the first quarter. BNP Paribas Arbitrage SA now owns 19,397 shares of the bank’s stock worth $213,000 after acquiring an additional 17,390 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Boston Private Financial by 1,990.8% in the first quarter. Bank of Montreal Can now owns 177,234 shares of the bank’s stock worth $1,943,000 after acquiring an additional 168,757 shares during the last quarter. Comerica Bank raised its holdings in shares of Boston Private Financial by 2.3% in the first quarter. Comerica Bank now owns 83,570 shares of the bank’s stock worth $949,000 after acquiring an additional 1,914 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Boston Private Financial by 3.0% in the first quarter. Texas Permanent School Fund now owns 56,876 shares of the bank’s stock worth $623,000 after acquiring an additional 1,661 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Boston Private Financial in the first quarter worth $1,248,000. 91.74% of the stock is owned by institutional investors.

Shares of BPFH stock opened at $11.78 on Tuesday. The stock has a fifty day moving average price of $10.84 and a 200 day moving average price of $11.21. The stock has a market cap of $1.00 billion, a PE ratio of 11.92 and a beta of 1.10. Boston Private Financial has a 1 year low of $9.77 and a 1 year high of $14.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.07 and a current ratio of 1.07.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.48 annualized dividend and a yield of 4.07%. Boston Private Financial’s dividend payout ratio is presently 49.48%.

About Boston Private Financial

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

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

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