Zacks: Brokerages Anticipate Boston Private Financial Hldg Inc (BPFH) Will Post Quarterly Sales of $85.00 Million

Equities analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report sales of $85.00 million for the current quarter, Zacks reports. Two analysts have issued estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $86.80 million and the lowest estimate coming in at $83.20 million. Boston Private Financial reported sales of $89.64 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The company is scheduled to announce its next earnings results on Wednesday, July 17th.

On average, analysts expect that Boston Private Financial will report full-year sales of $342.55 million for the current financial year, with estimates ranging from $339.10 million to $346.00 million. For the next year, analysts expect that the company will report sales of $355.85 million, with estimates ranging from $353.00 million to $358.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Boston Private Financial.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial had a net margin of 18.42% and a return on equity of 10.87%. The company had revenue of $82.62 million during the quarter, compared to the consensus estimate of $85.15 million. During the same period in the previous year, the firm posted $0.27 EPS.

A number of analysts have recently issued reports on BPFH shares. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub raised shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, ValuEngine downgraded shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.00.

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Boston Private Financial by 36.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,222 shares of the bank’s stock valued at $55,000 after acquiring an additional 1,401 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Boston Private Financial during the fourth quarter valued at about $82,000. Teton Advisors Inc. purchased a new position in shares of Boston Private Financial during the first quarter valued at about $110,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Boston Private Financial during the fourth quarter valued at about $116,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Boston Private Financial during the fourth quarter valued at about $120,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ BPFH traded up $0.06 during mid-day trading on Friday, reaching $11.53. 363,038 shares of the company were exchanged, compared to its average volume of 452,394. Boston Private Financial has a 52 week low of $10.00 and a 52 week high of $17.85. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $960.81 million, a P/E ratio of 11.89 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.16%. The ex-dividend date is Thursday, May 2nd. Boston Private Financial’s dividend payout ratio is presently 49.48%.

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 and Estimates for Boston Private Financial (NASDAQ:BPFH)

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