Equities analysts forecast that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will report earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Boston Private Financial’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.23. Boston Private Financial posted earnings per share of $0.15 during the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The company is expected to issue its next earnings results on Wednesday, April 25th.
On average, analysts expect that Boston Private Financial will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.96. For the next year, analysts anticipate that the business will report earnings of $1.05 per share, with EPS estimates ranging from $1.02 to $1.08. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. The company had revenue of $96.45 million during the quarter, compared to the consensus estimate of $100.07 million. During the same quarter last year, the firm earned $0.24 EPS.
In other news, EVP W. Timothy Macdonald purchased 6,943 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average price of $15.14 per share, with a total value of $105,117.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Morton III sold 35,057 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $15.46, for a total transaction of $541,981.22. Following the completion of the transaction, the director now directly owns 42,512 shares of the company’s stock, valued at approximately $657,235.52. The disclosure for this sale can be found here. Insiders have acquired a total of 33,255 shares of company stock valued at $507,486 in the last ninety days. Company insiders own 2.07% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Stone Ridge Asset Management LLC acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $169,000. CIBC Asset Management Inc acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $169,000. Verition Fund Management LLC acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $198,000. Xact Kapitalforvaltning AB acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $243,000. Finally, Koch Industries Inc. acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $253,000. 92.60% of the stock is owned by institutional investors.
Boston Private Financial (NASDAQ:BPFH) traded down $0.25 during mid-day trading on Wednesday, reaching $15.30. 390,262 shares of the company traded hands, compared to its average volume of 411,216. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Boston Private Financial has a 1 year low of $13.95 and a 1 year high of $17.20. The company has a market cap of $1,290.00, a PE ratio of 30.00 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. Boston Private Financial’s payout ratio is currently 94.12%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/0-21-eps-expected-for-boston-private-financial-hldg-inc-bpfh-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.