Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Investment analysts at FIG Partners upped their Q1 2019 earnings per share (EPS) estimates for shares of Boston Private Financial in a report issued on Tuesday, November 6th. FIG Partners analyst C. Marinac now expects that the bank will earn $0.24 per share for the quarter, up from their previous forecast of $0.23.
Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $91.96 million for the quarter, compared to analysts’ expectations of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same quarter last year, the company earned $0.22 EPS.
Boston Private Financial stock traded up $0.02 during trading hours on Friday, hitting $13.09. 5,168 shares of the company traded hands, compared to its average volume of 599,699. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 14.94 and a beta of 0.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Boston Private Financial has a 1-year low of $12.39 and a 1-year high of $17.85.
A number of institutional investors have recently added to or reduced their stakes in BPFH. Bank of Montreal Can bought a new position in shares of Boston Private Financial during the 2nd quarter valued at about $170,000. Alpine Woods Capital Investors LLC bought a new position in shares of Boston Private Financial during the 3rd quarter valued at about $232,000. SG Americas Securities LLC bought a new position in shares of Boston Private Financial during the 2nd quarter valued at about $255,000. UBS Group AG boosted its position in shares of Boston Private Financial by 63.6% during the 1st quarter. UBS Group AG now owns 17,982 shares of the bank’s stock valued at $271,000 after purchasing an additional 6,989 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Boston Private Financial by 17,205.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after purchasing an additional 17,205 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 2nd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 1st. This represents a $0.48 annualized dividend and a yield of 3.67%. Boston Private Financial’s payout ratio is 54.55%.
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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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