Zacks: Analysts Anticipate Boston Private Financial Hldg Inc (BPFH) Will Post Earnings of $0.23 Per Share

Brokerages predict that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will post earnings of $0.23 per share for the current quarter, according to Zacks. Three analysts have made estimates for Boston Private Financial’s earnings, with estimates ranging from $0.21 to $0.25. Boston Private Financial reported earnings of $0.24 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The firm is expected to report its next quarterly earnings report on Wednesday, January 17th.

On average, analysts expect that Boston Private Financial will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.87 to $0.90. For the next fiscal year, analysts expect that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $1.02. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $96.89 million for the quarter, compared to analyst estimates of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%.

BPFH has been the subject of several research analyst reports. SunTrust Banks set a $17.00 price target on shares of Boston Private Financial and gave the company a “hold” rating in a report on Friday, November 17th. ValuEngine cut shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub cut shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research report on Thursday, October 5th. Seven analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $16.20.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Boston Private Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock worth $118,863,000 after purchasing an additional 152,086 shares in the last quarter. State Street Corp raised its position in Boston Private Financial by 8.0% during the second quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock worth $44,759,000 after acquiring an additional 216,580 shares in the last quarter. Wells Fargo & Company MN raised its position in Boston Private Financial by 8.5% during the second quarter. Wells Fargo & Company MN now owns 90,884 shares of the bank’s stock worth $1,395,000 after acquiring an additional 7,153 shares in the last quarter. Victory Capital Management Inc. raised its position in Boston Private Financial by 28.4% during the second quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock worth $18,212,000 after acquiring an additional 262,435 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Boston Private Financial by 60.7% during the second quarter. UBS Asset Management Americas Inc. now owns 32,457 shares of the bank’s stock worth $498,000 after acquiring an additional 12,261 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors and hedge funds.

Boston Private Financial (NASDAQ:BPFH) traded up $0.05 during trading on Wednesday, hitting $16.15. 296,800 shares of the stock traded hands, compared to its average volume of 360,927. The firm has a market capitalization of $1,356.27, a PE ratio of 18.51 and a beta of 1.06. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

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About Boston Private Financial

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

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

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