Boston Private Financial Hldg Inc (BPFH) Expected to Post Earnings of $0.22 Per Share

Equities analysts forecast that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will report earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Boston Private Financial’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.21. Boston Private Financial reported earnings per share of $0.25 during the same quarter last year, which indicates a negative year over year growth rate of 12%. The company is scheduled to announce 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 fiscal year, analysts forecast that the company will post earnings of $1.00 per share, with EPS estimates ranging from $0.93 to $1.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, January 30th. The bank reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Boston Private Financial had a net margin of 18.89% and a return on equity of 11.04%. The company had revenue of $88.69 million for the quarter, compared to analyst estimates of $90.20 million. During the same quarter last year, the firm posted $0.22 earnings per share.

A number of research firms have recently commented on BPFH. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine lowered shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, BidaskClub raised shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Three equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company presently has a consensus rating of “Sell” and a consensus price target of $15.00.

Shares of NASDAQ:BPFH traded down $0.19 during trading on Wednesday, reaching $11.35. The stock had a trading volume of 7,634 shares, compared to its average volume of 397,055. Boston Private Financial has a 52 week low of $10.00 and a 52 week high of $17.85. The firm has a market cap of $953.27 million, a price-to-earnings ratio of 11.76 and a beta of 0.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.70.

Hedge funds have recently made changes to their positions in the stock. Boston Partners bought a new position in Boston Private Financial during the fourth quarter worth $17,234,000. Citigroup Inc. increased its position in Boston Private Financial by 76.1% during the fourth quarter. Citigroup Inc. now owns 93,052 shares of the bank’s stock worth $984,000 after acquiring an additional 40,222 shares during the period. Canada Pension Plan Investment Board bought a new stake in Boston Private Financial in the 4th quarter valued at $1,082,000. Oregon Public Employees Retirement Fund bought a new stake in Boston Private Financial in the 4th quarter valued at $32,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Boston Private Financial by 102.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 418,292 shares of the bank’s stock valued at $4,421,000 after buying an additional 211,810 shares during the period. 92.08% of the stock is currently 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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Earnings History and Estimates for Boston Private Financial (NASDAQ:BPFH)

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