Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) banking services provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.16 per share.
Looking ahead, the full year income are expected at $ 0.30 per share on the revenues of $ 235.58 million.
Previous Quarter Performance
Boston Private Financial Holdings, Inc. posted loss for the second quarter of $ 0.04 per share, from the revenue of $ 58.94 million. The consensus estimates are income of $ 0.06 per share from $ 56.89 million in revenue. The bottom line results missed street analysts by $ 0.1 or 166.67 percent, at the same time, top line results outshined analysts by $ 2.05 million or 3.60 percent.
Stock Performance
Shares of Boston Private Financial Holdings, Inc. traded up $ 0.22 or 3.47 percent on Tuesday, reaching $ 6.56 with volume of 606.20 thousand shares. Boston Private Financial Holdings, Inc. has traded high as $ 6.63 and has cracked $ 6.39 on the downward trend
The closing price of $ 6.56, representing a 26.80 % increase from the 52 week low of $ 5.00 and a 51.53 % decrease over the 52 week high of $ 13.08.
The company has a market capital of $ 539.21 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 6.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.06 per share on July 28, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Boston Private Financial Holdings, Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bostonprivate.com
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.
