Boston Private Financial (BPFH) Scheduled to Post Earnings on Thursday

Boston Private Financial (NASDAQ:BPFH) is set to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Boston Private Financial to post earnings of $0.23 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $81.84 million for the quarter, compared to the consensus estimate of $85.25 million. Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, analysts expect Boston Private Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:BPFH opened at $11.96 on Wednesday. The company has a market capitalization of $974.10 million, a price-to-earnings ratio of 12.33 and a beta of 1.12. Boston Private Financial has a 12 month low of $9.77 and a 12 month high of $13.85. The firm’s 50-day moving average is $11.51 and its 200 day moving average is $11.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44.

Several equities analysts recently commented on BPFH shares. BidaskClub upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. ValuEngine upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Friday, October 4th. TheStreet downgraded shares of Boston Private Financial from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research upgraded shares of Boston Private Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th.

In other news, Director Gloria C. Larson purchased 7,226 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $10.08 per share, for a total transaction of $72,838.08. Following the acquisition, the director now owns 23,075 shares of the company’s stock, valued at approximately $232,596. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Gaven acquired 3,800 shares of the stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost of $10.53 per share, with a total value of $40,014.00. Following the completion of the transaction, the chief financial officer now owns 11,412 shares in the company, valued at $120,168.36. The disclosure for this purchase can be found here. Corporate insiders own 1.87% of the company’s stock.

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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Earnings History for Boston Private Financial (NASDAQ:BPFH)

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