Boston Private Financial Holdings, Inc. (BPFH) Set to Announce Quarterly Earnings on Wednesday
Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will be announcing its earnings results after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, April 26th. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $90.15 million for the quarter, compared to analysts’ expectations of $93.40 million. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%. On average, analysts expect Boston Private Financial Holdings to post $0.88 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at 15.15 on Wednesday. The company’s 50-day moving average price is $15.26 and its 200-day moving average price is $16.01. Boston Private Financial Holdings, Inc. has a 52-week low of $11.77 and a 52-week high of $17.88. The stock has a market cap of $1.27 billion, a PE ratio of 19.91 and a beta of 1.06.
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A number of equities analysts recently issued reports on BPFH shares. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Friday, April 7th. ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on Boston Private Financial Holdings and gave the company a “hold” rating in a research note on Monday, April 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.60.
In other Boston Private Financial Holdings news, Director Stephen M. Waters sold 9,000 shares of Boston Private Financial Holdings stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $15.46, for a total transaction of $139,140.00. Following the completion of the transaction, the director now owns 39,093 shares in the company, valued at approximately $604,377.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.07% of the company’s stock.
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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