Boston Private Financial Hldg Inc Forecasted to Post Q1 2019 Earnings of $0.22 Per Share (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – SunTrust Banks issued their Q1 2019 earnings estimates for shares of Boston Private Financial in a research note issued on Thursday. SunTrust Banks analyst M. Young anticipates that the bank will post earnings of $0.22 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $17.00 target price on the stock. SunTrust Banks also issued estimates for Boston Private Financial’s Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.27 EPS and Q4 2019 earnings at $0.28 EPS.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, January 17th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $96.45 million during the quarter, compared to analyst estimates of $100.07 million. Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. During the same period last year, the business earned $0.24 EPS.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.50 target price on shares of Boston Private Financial in a report on Friday, December 22nd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a report on Thursday, October 5th. Sandler O’Neill set a $17.00 target price on Boston Private Financial and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, BidaskClub lowered Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.50.

Boston Private Financial (NASDAQ:BPFH) traded down $0.05 on Monday, reaching $15.60. The company’s stock had a trading volume of 450,400 shares, compared to its average volume of 454,246. The firm has a market cap of $1,313.65, a price-to-earnings ratio of 36.28 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. Boston Private Financial has a 12-month low of $13.95 and a 12-month high of $17.88.

Large investors have recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Boston Private Financial by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after purchasing an additional 290 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Boston Private Financial by 32.3% during the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock worth $195,000 after purchasing an additional 3,100 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Boston Private Financial during the 3rd quarter worth approximately $234,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boston Private Financial during the 2nd quarter worth approximately $261,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Boston Private Financial during the 2nd quarter worth approximately $279,000. 90.51% of the stock is currently owned by institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, February 1st. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. Boston Private Financial’s dividend payout ratio (DPR) is presently 102.33%.

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About Boston Private Financial

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.

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

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