Analysts expect that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will announce $85.55 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Boston Private Financial’s earnings, with estimates ranging from $83.40 million to $87.70 million. Boston Private Financial posted sales of $91.96 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 16th.
According to Zacks, analysts expect that Boston Private Financial will report full year sales of $340.50 million for the current fiscal year, with estimates ranging from $335.00 million to $346.00 million. For the next financial year, analysts forecast that the company will post sales of $359.00 million, with estimates ranging from $353.00 million to $365.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $81.84 million during the quarter, compared to the consensus estimate of $85.25 million. Boston Private Financial had a return on equity of 10.68% and a net margin of 21.54%. During the same quarter in the prior year, the company posted $0.21 EPS.
Boston Private Financial stock traded up $0.01 during midday trading on Friday, reaching $10.07. 14,603 shares of the company traded hands, compared to its average volume of 483,609. The stock has a market cap of $891.39 million, a price-to-earnings ratio of 10.36 and a beta of 1.06. The company’s 50 day simple moving average is $11.53. Boston Private Financial has a 12 month low of $9.85 and a 12 month high of $14.65. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.07 and a quick ratio of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a $0.12 dividend. The ex-dividend date is Thursday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.77%. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Boston Private Financial by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 483,436 shares of the bank’s stock valued at $5,560,000 after purchasing an additional 42,732 shares during the period. GW&K Investment Management LLC acquired a new stake in shares of Boston Private Financial in the second quarter valued at about $5,042,000. Stone Ridge Asset Management LLC increased its position in shares of Boston Private Financial by 6.7% in the second quarter. Stone Ridge Asset Management LLC now owns 15,896 shares of the bank’s stock valued at $192,000 after acquiring an additional 1,000 shares during the last quarter. Investment Counselors of Maryland LLC increased its position in shares of Boston Private Financial by 1.2% in the second quarter. Investment Counselors of Maryland LLC now owns 954,388 shares of the bank’s stock valued at $11,519,000 after acquiring an additional 11,289 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Boston Private Financial in the second quarter valued at about $1,556,000. 90.81% of the stock is owned by hedge funds and other institutional investors.
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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