Wall Street analysts expect that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will post $0.20 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Boston Private Financial’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.10. Boston Private Financial reported earnings of $0.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 25.9%. The business is expected to report its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Boston Private Financial will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.89 to $0.99. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.08. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, April 18th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Boston Private Financial had a net margin of 11.01% and a return on equity of 10.85%. The business had revenue of $96.82 million during the quarter, compared to analysts’ expectations of $94.75 million. During the same quarter in the previous year, the company earned $0.17 EPS.
Several research firms recently commented on BPFH. BidaskClub upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, April 4th. Finally, ValuEngine upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Boston Private Financial has an average rating of “Hold” and an average target price of $16.83.
Shares of Boston Private Financial traded up $0.20, hitting $16.10, during midday trading on Monday, Marketbeat.com reports. 286,300 shares of the company traded hands, compared to its average volume of 395,361. The firm has a market capitalization of $1.34 billion, a PE ratio of 18.01 and a beta of 1.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.97. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.85.
In other news, insider Joseph D. Regan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $17.18, for a total value of $257,700.00. Following the transaction, the insider now owns 20,478 shares in the company, valued at $351,812.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Martha Higgins sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.82, for a total transaction of $33,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,103 shares of company stock worth $542,118. 2.11% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Stone Ridge Asset Management LLC purchased a new position in shares of Boston Private Financial in the 4th quarter worth about $169,000. Verition Fund Management LLC bought a new stake in Boston Private Financial in the 4th quarter worth about $198,000. Oppenheimer Asset Management Inc. bought a new stake in Boston Private Financial in the 1st quarter worth about $217,000. CIBC World Markets Inc. bought a new stake in Boston Private Financial in the 1st quarter worth about $238,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Boston Private Financial during the 4th quarter valued at about $243,000. 93.48% of the stock is owned by institutional investors and hedge funds.
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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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