Equities research analysts forecast that Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will announce earnings per share of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Boston Private Financial’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.17. Boston Private Financial posted earnings of ($0.04) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 550%. The business is scheduled to announce its next earnings report on Tuesday, July 27th.
On average, analysts expect that Boston Private Financial will report full year earnings of $0.71 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.76. For the next year, analysts expect that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, April 21st. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Boston Private Financial had a net margin of 15.53% and a return on equity of 6.40%. The firm had revenue of $85.65 million for the quarter, compared to analysts’ expectations of $82.56 million.
In other Boston Private Financial news, EVP Paul M. Simons sold 22,381 shares of the company’s stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $15.10, for a total transaction of $337,953.10. Following the completion of the transaction, the executive vice president now directly owns 28,307 shares in the company, valued at $427,435.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Cannon Brown sold 3,055 shares of the company’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $15.07, for a total transaction of $46,038.85. Insiders have sold a total of 36,686 shares of company stock valued at $554,959 in the last quarter. 0.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its position in shares of Boston Private Financial by 1,473.3% during the first quarter. Captrust Financial Advisors now owns 2,596 shares of the bank’s stock worth $35,000 after acquiring an additional 2,431 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Boston Private Financial by 67.4% during the 4th quarter. Federated Hermes Inc. now owns 6,467 shares of the bank’s stock valued at $55,000 after acquiring an additional 2,604 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Boston Private Financial by 17.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,650 shares of the bank’s stock worth $73,000 after purchasing an additional 1,300 shares in the last quarter. Jane Street Group LLC purchased a new stake in Boston Private Financial in the 1st quarter worth about $136,000. Finally, Profund Advisors LLC purchased a new stake in Boston Private Financial in the 1st quarter worth about $141,000. Institutional investors own 92.89% of the company’s stock.
Shares of NASDAQ BPFH traded up $0.02 during mid-day trading on Friday, reaching $14.95. 11,690 shares of the company were exchanged, compared to its average volume of 1,208,941. Boston Private Financial has a 52 week low of $5.00 and a 52 week high of $15.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.23 billion, a PE ratio of 22.28 and a beta of 1.06. The stock has a 50 day moving average of $14.65.
The company also recently announced a quarterly dividend, which was paid on Friday, May 21st. Stockholders of record on Friday, May 7th were issued a $0.06 dividend. The ex-dividend date was Thursday, May 6th. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. Boston Private Financial’s dividend payout ratio (DPR) is presently 44.44%.
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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