Equities analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report sales of $100.10 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $101.00 million and the lowest estimate coming in at $99.50 million. Boston Private Financial reported sales of $95.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is expected to report its next earnings report on Wednesday, January 17th.
On average, analysts expect that Boston Private Financial will report full-year sales of $100.10 million for the current year, with estimates ranging from $381.20 million to $391.90 million. For the next fiscal year, analysts expect that the firm will report sales of $410.87 million per share, with estimates ranging from $408.40 million to $412.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.00 million. Boston Private Financial had a return on equity of 10.03% and a net margin of 18.44%.
A number of research firms have issued reports on BPFH. BidaskClub downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a report on Friday, November 17th. Zacks Investment Research upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BMO Capital Markets restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $16.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Boston Private Financial by 0.5% in the second quarter. Arizona State Retirement System now owns 43,911 shares of the bank’s stock worth $674,000 after purchasing an additional 200 shares during the last quarter. Amalgamated Bank lifted its position in shares of Boston Private Financial by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after buying an additional 290 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Boston Private Financial by 0.6% during the 2nd quarter. Nationwide Fund Advisors now owns 70,809 shares of the bank’s stock valued at $1,087,000 after buying an additional 397 shares in the last quarter. Sei Investments Co. lifted its position in shares of Boston Private Financial by 0.7% during the 2nd quarter. Sei Investments Co. now owns 63,502 shares of the bank’s stock valued at $975,000 after buying an additional 472 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Boston Private Financial by 5.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,800 shares of the bank’s stock valued at $304,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 90.48% of the company’s stock.
Boston Private Financial (NASDAQ:BPFH) traded up $0.10 on Friday, reaching $16.10. The company’s stock had a trading volume of 257,400 shares, compared to its average volume of 360,118. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1,347.85, a P/E ratio of 18.39 and a beta of 1.06. Boston Private Financial has a twelve month low of $13.95 and a twelve month high of $17.88.
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Boston Private Financial Company Profile
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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