Equities analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to post earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Boston Private Financial’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.24. Boston Private Financial reported earnings per share of $0.25 in the same quarter last year, which indicates a negative year over year growth rate of 12%. The company is expected to announce its next earnings report after the market closes on Wednesday, April 17th.
According to Zacks, analysts expect that Boston Private Financial will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.02. For the next fiscal year, analysts forecast that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.93 to $1.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. Boston Private Financial had a return on equity of 11.04% and a net margin of 18.89%. The firm had revenue of $88.69 million for the quarter, compared to analysts’ expectations of $90.20 million. During the same quarter last year, the business earned $0.22 EPS.
Several research firms recently weighed in on BPFH. BidaskClub lowered Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Finally, ValuEngine lowered Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Boston Private Financial currently has a consensus rating of “Sell” and a consensus price target of $15.00.
Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in Boston Private Financial by 8.0% in the third quarter. Wells Fargo & Company MN now owns 194,640 shares of the bank’s stock worth $2,657,000 after purchasing an additional 14,482 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Boston Private Financial by 334.8% during the third quarter. SG Americas Securities LLC now owns 69,596 shares of the bank’s stock valued at $950,000 after acquiring an additional 53,588 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Boston Private Financial by 24.4% during the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock valued at $21,598,000 after acquiring an additional 309,984 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Boston Private Financial by 2.0% during the third quarter. BlackRock Inc. now owns 12,481,082 shares of the bank’s stock valued at $170,367,000 after acquiring an additional 239,984 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Boston Private Financial by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after acquiring an additional 375,363 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BPFH traded down $0.19 during mid-day trading on Wednesday, reaching $11.35. The company had a trading volume of 7,634 shares, compared to its average volume of 397,055. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 0.99. Boston Private Financial has a one year low of $10.00 and a one year high of $17.85. The stock has a market capitalization of $953.27 million, a P/E ratio of 11.76 and a beta of 0.95.
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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