Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Analysts at Jefferies Financial Group raised their Q1 2019 EPS estimates for Boston Private Financial in a research report issued on Monday, October 29th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.22. Jefferies Financial Group also issued estimates for Boston Private Financial’s Q2 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $1.00 EPS and FY2020 earnings at $1.03 EPS.
Several other equities analysts have also recently commented on BPFH. Zacks Investment Research cut Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. BidaskClub cut Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. BMO Capital Markets reduced their target price on Boston Private Financial from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Tuesday, July 24th. ValuEngine cut Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, TheStreet cut Boston Private Financial from a “b-” rating to a “c+” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.00.
Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $91.96 million during the quarter, compared to analysts’ expectations of $92.03 million. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. During the same period in the previous year, the business earned $0.22 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, November 1st. Boston Private Financial’s payout ratio is currently 54.55%.
In other news, insider George G. Schwartz sold 6,205 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $14.20, for a total value of $88,111.00. Following the completion of the transaction, the insider now directly owns 152,557 shares in the company, valued at approximately $2,166,309.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.11% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of Boston Private Financial in the 2nd quarter worth about $170,000. CIBC World Markets Inc. bought a new stake in shares of Boston Private Financial in the 1st quarter valued at about $238,000. SG Americas Securities LLC bought a new stake in shares of Boston Private Financial in the 2nd quarter valued at about $255,000. Tower Research Capital LLC TRC lifted its stake in shares of Boston Private Financial by 17,205.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after acquiring an additional 17,205 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Boston Private Financial in the 2nd quarter valued at about $283,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.
Boston Private Financial Company Profile
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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