$0.23 Earnings Per Share Expected for Boston Private Financial Hldg Inc (BPFH) This Quarter

Wall Street brokerages expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Boston Private Financial’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Boston Private Financial posted earnings of $0.24 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 17th.

According to Zacks, analysts expect that Boston Private Financial will report full year earnings of $0.89 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.89. For the next financial year, analysts forecast that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.86 to $0.97. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%.

A number of research analysts have recently issued reports on BPFH shares. SunTrust Banks set a $17.00 target price on Boston Private Financial and gave the company a “hold” rating in a report on Friday, November 17th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a report on Thursday, October 5th. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.50 target price on shares of Boston Private Financial in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.58.

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank boosted its stake in shares of Boston Private Financial by 2.6% in the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after buying an additional 290 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Boston Private Financial by 32.3% in the second quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after buying an additional 3,100 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Boston Private Financial in the third quarter valued at approximately $234,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Boston Private Financial in the second quarter valued at approximately $261,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Boston Private Financial in the third quarter valued at approximately $293,000. Hedge funds and other institutional investors own 90.48% of the company’s stock.

Boston Private Financial (BPFH) traded down $0.05 during trading hours on Friday, hitting $15.20. The stock had a trading volume of 357,405 shares, compared to its average volume of 337,833. The firm has a market capitalization of $1,280.00, a price-to-earnings ratio of 19.24 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. Boston Private Financial has a 1-year low of $13.95 and a 1-year high of $17.88.

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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.

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