Zacks: Analysts Anticipate Boston Private Financial Holdings, Inc. (BPFH) to Post $0.23 EPS

Brokerages expect Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) to announce earnings per share of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Boston Private Financial Holdings’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.22. Boston Private Financial Holdings reported earnings of $0.21 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The company is scheduled to issue its next earnings report on Thursday, October 19th.

On average, analysts expect that Boston Private Financial Holdings will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.92. For the next fiscal year, analysts anticipate that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.92 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The company had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million.

BPFH has been the topic of several recent analyst reports. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.60.

Boston Private Financial Holdings (BPFH) traded down 0.68% during midday trading on Tuesday, reaching $14.60. 297,151 shares of the company were exchanged. Boston Private Financial Holdings has a 52 week low of $12.39 and a 52 week high of $17.88. The company has a 50-day moving average of $15.06 and a 200 day moving average of $15.73. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.20 and a beta of 1.06.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 9th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Monday, August 7th. Boston Private Financial Holdings’s payout ratio is 51.16%.

A number of institutional investors have recently bought and sold shares of BPFH. Virginia Retirement Systems ET AL raised its position in Boston Private Financial Holdings by 111.4% in the first quarter. Virginia Retirement Systems ET AL now owns 52,000 shares of the bank’s stock valued at $853,000 after buying an additional 27,400 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Boston Private Financial Holdings by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock valued at $2,932,000 after buying an additional 41,796 shares during the last quarter. Karp Capital Management Corp purchased a new position in Boston Private Financial Holdings during the first quarter valued at about $646,000. Meadow Creek Investment Management LLC raised its position in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock valued at $107,000 after buying an additional 504 shares during the last quarter. Finally, Comerica Bank raised its position in Boston Private Financial Holdings by 5.0% in the first quarter. Comerica Bank now owns 92,873 shares of the bank’s stock valued at $1,486,000 after buying an additional 4,401 shares during the last quarter. 90.62% of the stock is currently owned by hedge funds and other institutional investors.

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Boston Private Financial Holdings Company Profile

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.

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

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