$0.23 Earnings Per Share Expected for Boston Private Financial Holdings, Inc. (BPFH) This Quarter

Analysts expect that Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will announce $0.23 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Boston Private Financial Holdings’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.25. Boston Private Financial Holdings reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The company is scheduled to report its next earnings report on Thursday, October 19th.

On average, analysts expect that Boston Private Financial Holdings will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.92. For the next financial year, analysts anticipate that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.92 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The firm had revenue of $94.37 million during the quarter, compared to analysts’ expectations of $95.70 million.

A number of brokerages have recently issued reports on BPFH. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.60.

Boston Private Financial Holdings (NASDAQ BPFH) traded up 1.64% during midday trading on Friday, hitting $15.50. 272,145 shares of the stock traded hands. Boston Private Financial Holdings has a 52-week low of $12.42 and a 52-week high of $17.88. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 18.26 and a beta of 1.07. The firm’s 50-day moving average is $14.80 and its 200-day moving average is $15.44.

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Large investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC lifted its stake in Boston Private Financial Holdings by 29.7% in the first quarter. William Blair Investment Management LLC now owns 1,395,254 shares of the bank’s stock worth $22,882,000 after acquiring an additional 319,910 shares during the period. Bank of New York Mellon Corp lifted its stake in Boston Private Financial Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock worth $22,801,000 after acquiring an additional 14,659 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Boston Private Financial Holdings by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock worth $8,035,000 after acquiring an additional 29,297 shares during the period. Virginia Retirement Systems ET AL lifted its stake in Boston Private Financial Holdings by 111.4% in the first quarter. Virginia Retirement Systems ET AL now owns 52,000 shares of the bank’s stock worth $853,000 after acquiring an additional 27,400 shares during the period. Finally, Washington Trust Bank purchased a new stake in Boston Private Financial Holdings in the second quarter worth about $259,000. 90.62% of the stock is owned by institutional investors.

About Boston Private Financial Holdings

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 Holdings (NASDAQ:BPFH)

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