Analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to announce $92.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $93.30 million and the lowest estimate coming in at $91.80 million. Boston Private Financial reported sales of $94.37 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Boston Private Financial will report full-year sales of $381.70 million for the current financial year, with estimates ranging from $380.10 million to $384.20 million. For the next financial year, analysts expect that the firm will report sales of $400.87 million per share, with estimates ranging from $395.00 million to $409.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Boston Private Financial.
Get Boston Private Financial alerts:Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, April 18th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial had a return on equity of 10.85% and a net margin of 11.01%. The company had revenue of $96.82 million during the quarter, compared to analyst estimates of $94.75 million. During the same period in the prior year, the company earned $0.17 earnings per share.
A number of brokerages recently commented on BPFH. BidaskClub lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, ValuEngine raised Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Boston Private Financial presently has an average rating of “Hold” and an average price target of $16.83.
In other Boston Private Financial news, EVP Martha Higgins sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.82, for a total transaction of $33,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $16.92, for a total value of $118,440.00. Following the sale, the director now owns 33,093 shares in the company, valued at $559,933.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,103 shares of company stock worth $542,118. Company insiders own 2.11% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Boston Private Financial by 2.5% during the first quarter. Principal Financial Group Inc. now owns 645,870 shares of the bank’s stock valued at $9,720,000 after purchasing an additional 15,492 shares during the period. CIBC World Markets Inc. purchased a new stake in Boston Private Financial during the first quarter valued at approximately $238,000. Xact Kapitalforvaltning AB raised its position in Boston Private Financial by 55.3% during the first quarter. Xact Kapitalforvaltning AB now owns 24,420 shares of the bank’s stock valued at $368,000 after purchasing an additional 8,700 shares during the period. Legal & General Group Plc raised its position in Boston Private Financial by 6.6% during the first quarter. Legal & General Group Plc now owns 174,751 shares of the bank’s stock valued at $2,625,000 after purchasing an additional 10,839 shares during the period. Finally, Millennium Management LLC raised its position in Boston Private Financial by 1.6% during the first quarter. Millennium Management LLC now owns 1,759,960 shares of the bank’s stock valued at $26,487,000 after purchasing an additional 26,989 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.
Shares of Boston Private Financial stock opened at $15.90 on Wednesday. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.85. The company has a market cap of $1.35 billion, a P/E ratio of 16.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 1.00.
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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