Zacks: Brokerages Anticipate Boston Private Financial Hldg Inc (BPFH) to Announce $0.22 Earnings Per Share
Equities research analysts expect that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will post earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Boston Private Financial’s earnings, with estimates ranging from $0.21 to $0.24. Boston Private Financial posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 12%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, April 17th.
According to Zacks, analysts expect that Boston Private Financial will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.89 to $1.02. For the next financial year, analysts anticipate that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.93 to $1.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last announced its earnings results on Wednesday, January 30th. The bank reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $88.69 million during the quarter, compared to analyst estimates of $90.20 million. Boston Private Financial had a net margin of 18.89% and a return on equity of 11.04%. During the same quarter last year, the firm posted $0.22 earnings per share.
Shares of NASDAQ BPFH traded up $0.11 during midday trading on Wednesday, hitting $11.61. The company’s stock had a trading volume of 411,862 shares, compared to its average volume of 414,806. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 0.99. Boston Private Financial has a 1 year low of $10.00 and a 1 year high of $17.85. The firm has a market cap of $962.52 million, a price-to-earnings ratio of 11.97 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.13%. Boston Private Financial’s payout ratio is 49.48%.
Several hedge funds and other institutional investors have recently bought and sold shares of BPFH. Wells Fargo & Company MN boosted its stake in shares of Boston Private Financial by 8.0% in the third quarter. Wells Fargo & Company MN now owns 194,640 shares of the bank’s stock valued at $2,657,000 after purchasing an additional 14,482 shares during the period. SG Americas Securities LLC boosted its stake in shares of Boston Private Financial by 334.8% in the third quarter. SG Americas Securities LLC now owns 69,596 shares of the bank’s stock valued at $950,000 after purchasing an additional 53,588 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Boston Private Financial by 24.4% in the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock valued at $21,598,000 after purchasing an additional 309,984 shares during the period. BlackRock Inc. raised its holdings in Boston Private Financial by 2.0% in the third quarter. BlackRock Inc. now owns 12,481,082 shares of the bank’s stock valued at $170,367,000 after acquiring an additional 239,984 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Boston Private Financial by 7.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after acquiring an additional 375,363 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.
Boston Private Financial Company Profile
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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