Boston Private Financial Hldg Inc (BPFH) Expected to Earn Q2 2019 Earnings of $0.22 Per Share

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Analysts at SunTrust Banks boosted their Q2 2019 earnings per share estimates for shares of Boston Private Financial in a research note issued to investors on Monday, April 22nd. SunTrust Banks analyst M. Young now forecasts that the bank will post earnings per share of $0.22 for the quarter, up from their prior estimate of $0.21. SunTrust Banks also issued estimates for Boston Private Financial’s FY2019 earnings at $0.92 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.25 EPS and FY2020 earnings at $0.96 EPS.

Other equities research analysts also recently issued reports about the company. BidaskClub lowered Boston Private Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. ValuEngine lowered Boston Private Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.00.

Shares of NASDAQ BPFH opened at $11.41 on Thursday. Boston Private Financial has a twelve month low of $10.00 and a twelve month high of $17.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $970.03 million, a PE ratio of 11.76 and a beta of 0.95.

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

Large investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in Boston Private Financial during the 4th quarter valued at approximately $17,234,000. Citigroup Inc. boosted its position in Boston Private Financial by 76.1% during the 4th quarter. Citigroup Inc. now owns 93,052 shares of the bank’s stock valued at $984,000 after purchasing an additional 40,222 shares during the period. Canada Pension Plan Investment Board acquired a new position in Boston Private Financial during the 4th quarter valued at approximately $1,082,000. Oregon Public Employees Retirement Fund acquired a new position in Boston Private Financial during the 4th quarter worth $32,000. Finally, D. E. Shaw & Co. Inc. boosted its position in Boston Private Financial by 102.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 418,292 shares of the bank’s stock worth $4,421,000 after acquiring an additional 211,810 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.21%. 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.

Read More: Differences Between Momentum Investing and Long Term Investing

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

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.