Analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to announce $0.21 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Boston Private Financial’s earnings, with estimates ranging from $0.19 to $0.23. Boston Private Financial reported earnings of $0.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 40%. The firm 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 year, with EPS estimates ranging from $0.87 to $0.96. For the next fiscal year, analysts forecast that the company will post earnings of $1.05 per share, with EPS estimates ranging from $1.02 to $1.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Boston Private Financial.

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Boston Private Financial (NASDAQ:BPFH) last posted its earnings results on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $100.07 million. During the same period in the prior year, the business posted $0.24 earnings per share.

Several equities research analysts have recently commented on BPFH shares. SunTrust Banks set a $17.00 target price on shares of Boston Private Financial and gave the stock a “hold” rating in a research report on Friday, November 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of Boston Private Financial in a research note on Friday, January 19th. BidaskClub lowered shares of Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Sandler O’Neill set a $17.00 price target on shares of Boston Private Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

Boston Private Financial (NASDAQ BPFH) traded down $0.25 during trading hours on Wednesday, hitting $15.30. 390,262 shares of the stock traded hands, compared to its average volume of 411,216. Boston Private Financial has a 12-month low of $13.95 and a 12-month high of $17.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1,290.00, a PE ratio of 30.00 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.14%. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 1st. Boston Private Financial’s dividend payout ratio (DPR) is presently 94.12%.

In related news, Director John Morton III sold 35,057 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $15.46, for a total value of $541,981.22. Following the completion of the transaction, the director now directly owns 42,512 shares in the company, valued at approximately $657,235.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Corey Griffin purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average price of $15.19 per share, with a total value of $75,950.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 33,255 shares of company stock valued at $507,486. 2.07% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Boston Private Financial by 5.4% during the 4th quarter. BlackRock Inc. now owns 11,171,967 shares of the bank’s stock valued at $172,607,000 after purchasing an additional 575,050 shares in the last quarter. Macquarie Group Ltd. increased its stake in Boston Private Financial by 16.0% during the 3rd quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after purchasing an additional 454,411 shares in the last quarter. Standard Life Aberdeen plc increased its stake in Boston Private Financial by 9.5% during the 4th quarter. Standard Life Aberdeen plc now owns 4,016,809 shares of the bank’s stock valued at $62,060,000 after purchasing an additional 349,673 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in Boston Private Financial by 29.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 882,488 shares of the bank’s stock valued at $13,635,000 after purchasing an additional 201,867 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Boston Private Financial by 13.6% during the 3rd quarter. American Century Companies Inc. now owns 1,387,100 shares of the bank’s stock valued at $22,957,000 after purchasing an additional 165,840 shares in the last quarter. Institutional investors own 92.60% of the company’s stock.

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

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