Boston Private Financial Hldg Inc (BPFH) Expected to Post Quarterly Sales of $90.75 Million

Equities research analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to announce sales of $90.75 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $91.20 million and the lowest estimate coming in at $90.30 million. Boston Private Financial posted sales of $90.15 million in the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The company is expected to announce its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Boston Private Financial will report full year sales of $90.75 million for the current financial year, with estimates ranging from $376.00 million to $379.30 million. For the next year, analysts expect that the company will post sales of $401.80 million per share, with estimates ranging from $399.70 million to $403.30 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Boston Private Financial.

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Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. The firm had revenue of $96.45 million for the quarter, compared to analyst estimates of $100.07 million. During the same quarter last year, the company earned $0.24 earnings per share.

A number of research analysts have commented on BPFH shares. Zacks Investment Research upgraded Boston Private Financial from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday. BidaskClub upgraded Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.50 price target on shares of Boston Private Financial in a research note on Friday, December 22nd. ValuEngine upgraded Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Sandler O’Neill set a $17.00 price target on Boston Private Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.50.

NASDAQ:BPFH traded down $0.45 during trading hours on Monday, reaching $14.95. 387,898 shares of the stock were exchanged, compared to its average volume of 450,128. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. Boston Private Financial has a twelve month low of $13.95 and a twelve month high of $17.20. The stock has a market capitalization of $1,297.51, a price-to-earnings ratio of 16.99 and a beta of 0.96.

In related news, EVP W. Timothy Macdonald acquired 3,129 shares of Boston Private Financial stock in a transaction dated Monday, January 22nd. The shares were acquired at an average cost of $15.44 per share, for a total transaction of $48,311.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Corey Griffin acquired 5,000 shares of Boston Private Financial stock in a transaction dated Tuesday, January 30th. The stock was bought at an average price of $15.19 per share, for a total transaction of $75,950.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 33,255 shares of company stock worth $507,486. Insiders own 2.11% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at $169,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at $169,000. Verition Fund Management LLC purchased a new position in Boston Private Financial in the fourth quarter valued at $198,000. Xact Kapitalforvaltning AB purchased a new position in Boston Private Financial in the fourth quarter valued at $243,000. Finally, Koch Industries Inc. purchased a new position in Boston Private Financial in the fourth quarter valued at $253,000. Institutional investors and hedge funds own 92.49% of the company’s stock.

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

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