Brokerages Expect Boston Private Financial Holdings, Inc. (BPFH) Will Post Quarterly Sales of $97.83 Million

Wall Street analysts forecast that Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will report sales of $97.83 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Boston Private Financial Holdings’ earnings. The lowest sales estimate is $97.20 million and the highest is $98.80 million. Boston Private Financial Holdings posted sales of $51.99 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 88.2%. The firm is scheduled to announce its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Boston Private Financial Holdings will report full-year sales of $97.83 million for the current fiscal year, with estimates ranging from $381.60 million to $392.00 million. For the next financial year, analysts expect that the company will report sales of $409.73 million per share, with estimates ranging from $402.60 million to $419.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $94.37 million for the quarter, compared to the consensus estimate of $95.70 million. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%.

A number of research analysts have commented on the company. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets reissued a “hold” rating and issued a $16.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Boston Private Financial Holdings currently has a consensus rating of “Hold” and a consensus price target of $15.60.

COPYRIGHT VIOLATION WARNING: “Brokerages Expect Boston Private Financial Holdings, Inc. (BPFH) Will Post Quarterly Sales of $97.83 Million” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/08/17/brokerages-expect-boston-private-financial-holdings-inc-bpfh-will-post-quarterly-sales-of-97-83-million.html.

Shares of Boston Private Financial Holdings (BPFH) traded down 0.67% during midday trading on Friday, hitting $14.80. The company had a trading volume of 159,674 shares. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 17.43 and a beta of 1.06. Boston Private Financial Holdings has a one year low of $12.29 and a one year high of $17.88. The company’s 50 day moving average is $15.24 and its 200 day moving average is $15.81.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.97%. Boston Private Financial Holdings’s payout ratio is 51.16%.

Several large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC increased its position in shares of Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock valued at $107,000 after buying an additional 504 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Boston Private Financial Holdings during the first quarter worth $116,000. Glen Harbor Capital Management LLC boosted its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock worth $129,000 after buying an additional 612 shares during the last quarter. SG Americas Securities LLC boosted its stake in Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after buying an additional 1,531 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Boston Private Financial Holdings during the first quarter worth $157,000. Institutional investors own 91.18% of the company’s stock.

Boston Private Financial Holdings 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.

Get a free copy of the Zacks research report on Boston Private Financial Holdings (BPFH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Boston Private Financial Holdings (NASDAQ:BPFH)

Receive News & Ratings for Boston Private Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply