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.
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.
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