Equities analysts expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report $85.15 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Boston Private Financial’s earnings, with estimates ranging from $83.60 million to $86.70 million. Boston Private Financial posted sales of $96.82 million during the same quarter last year, which suggests a negative year over year growth rate of 12.1%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 17th.
According to Zacks, analysts expect that Boston Private Financial will report full-year sales of $348.80 million for the current fiscal year, with estimates ranging from $343.50 million to $354.10 million. For the next financial year, analysts expect that the business will post sales of $363.40 million, with estimates ranging from $362.90 million to $363.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, January 30th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm had revenue of $88.69 million for the quarter, compared to analyst estimates of $90.20 million. Boston Private Financial had a return on equity of 11.04% and a net margin of 18.89%. During the same period in the previous year, the company posted $0.22 earnings per share.
Shares of NASDAQ BPFH traded down $0.19 during mid-day trading on Friday, reaching $11.35. The company had a trading volume of 7,634 shares, compared to its average volume of 397,055. 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 0.70, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $953.27 million, a price-to-earnings ratio of 11.76 and a beta of 0.95.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Boston Private Financial by 2.0% in the 3rd quarter. BlackRock Inc. now owns 12,481,082 shares of the bank’s stock valued at $170,367,000 after buying an additional 239,984 shares in the last quarter. Vanguard Group Inc grew its position in Boston Private Financial by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 8,666,648 shares of the bank’s stock valued at $118,299,000 after buying an additional 173,007 shares in the last quarter. Vanguard Group Inc. grew its position in Boston Private Financial by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,666,648 shares of the bank’s stock valued at $118,299,000 after buying an additional 173,007 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Boston Private Financial by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after buying an additional 375,363 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Boston Private Financial by 52.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,404,665 shares of the bank’s stock valued at $25,417,000 after buying an additional 822,271 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.
Boston Private Financial Company Profile
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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