Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Equities research analysts at FIG Partners lifted their Q1 2019 earnings per share (EPS) estimates for shares of Boston Private Financial in a report issued on Tuesday, November 6th. FIG Partners analyst C. Marinac now anticipates that the bank will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.23.
BPFH has been the subject of several other research reports. ValuEngine cut shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. BidaskClub raised shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research cut shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, TheStreet cut shares of Boston Private Financial from a “b-” rating to a “c+” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.00.
Shares of Boston Private Financial stock opened at $13.29 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Boston Private Financial has a 1 year low of $12.39 and a 1 year high of $17.85. The firm has a market cap of $1.09 billion, a P/E ratio of 13.91 and a beta of 0.83.
Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. The firm had revenue of $91.96 million during the quarter, compared to analysts’ expectations of $92.03 million. During the same quarter last year, the company posted $0.22 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Boston Private Financial by 9.6% during the second quarter. FMR LLC now owns 7,513,673 shares of the bank’s stock worth $119,467,000 after purchasing an additional 656,820 shares in the last quarter. BlackRock Inc. increased its stake in shares of Boston Private Financial by 4.3% during the second quarter. BlackRock Inc. now owns 12,241,098 shares of the bank’s stock worth $194,632,000 after purchasing an additional 501,724 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Boston Private Financial by 24.4% during the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock worth $21,598,000 after purchasing an additional 309,984 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Boston Private Financial by 10.1% during the third quarter. American Century Companies Inc. now owns 1,187,342 shares of the bank’s stock worth $16,207,000 after purchasing an additional 109,129 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Boston Private Financial during the second quarter worth about $979,000. 92.45% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. Boston Private Financial’s payout ratio is 54.55%.
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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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