Equities research analysts predict that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will post $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Boston Private Financial’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.27. Boston Private Financial posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The company is expected to report its next earnings report on Wednesday, July 17th.

According to Zacks, analysts expect that Boston Private Financial will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $1.07. For the next financial year, analysts forecast that the business will report earnings of $1.01 per share, with EPS estimates ranging from $0.96 to $1.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, April 17th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $82.62 million for the quarter, compared to the consensus estimate of $85.15 million. Boston Private Financial had a return on equity of 10.87% and a net margin of 18.42%. During the same quarter in the prior year, the company earned $0.27 EPS.

BPFH has been the topic of a number of research reports. Zacks Investment Research upgraded Boston Private Financial from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Wednesday, April 24th. BidaskClub downgraded Boston Private Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Finally, ValuEngine downgraded Boston Private Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. Boston Private Financial currently has an average rating of “Hold” and a consensus target price of $14.00.

A number of large investors have recently added to or reduced their stakes in BPFH. Oregon Public Employees Retirement Fund acquired a new position in Boston Private Financial in the fourth quarter worth approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Boston Private Financial by 36.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,222 shares of the bank’s stock worth $55,000 after buying an additional 1,401 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Boston Private Financial in the fourth quarter worth approximately $82,000. Teton Advisors Inc. acquired a new position in Boston Private Financial in the first quarter worth approximately $110,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Boston Private Financial in the fourth quarter worth approximately $116,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Shares of BPFH traded down $0.22 during trading hours on Friday, reaching $10.25. The company’s stock had a trading volume of 338,716 shares, compared to its average volume of 308,009. The company has a market capitalization of $877.14 million, a price-to-earnings ratio of 10.57 and a beta of 0.96. Boston Private Financial has a 1-year low of $10.00 and a 1-year high of $17.85. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.02 and a quick ratio of 1.02.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a $0.12 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.68%. Boston Private Financial’s dividend payout ratio is currently 49.48%.

About Boston Private Financial

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

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

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