Wall Street analysts expect Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) to post sales of $96.00 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Boston Private Financial Holdings’ earnings, with the lowest sales estimate coming in at $94.50 million and the highest estimate coming in at $97.60 million. Boston Private Financial Holdings posted sales of $86.73 million during the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The business is scheduled to issue its next earnings report on Wednesday, July 19th.

On average, analysts expect that Boston Private Financial Holdings will report full-year sales of $96.00 million for the current financial year, with estimates ranging from $381.60 million to $394.40 million. For the next fiscal year, analysts anticipate that the firm will post sales of $410.33 million per share, with estimates ranging from $402.60 million to $424.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, April 26th. The bank reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.07. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%. The business had revenue of $90.15 million during the quarter, compared to analysts’ expectations of $93.40 million.

Several analysts have commented on the company. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, April 7th. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and issued a $16.00 target price on shares of Boston Private Financial Holdings in a research report on Friday, April 28th. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of Boston Private Financial Holdings and gave the stock a “hold” rating in a research report on Monday, April 10th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Boston Private Financial Holdings presently has an average rating of “Hold” and a consensus price target of $15.80.

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Boston Private Financial Holdings (NASDAQ:BPFH) opened at 15.50 on Thursday. Boston Private Financial Holdings has a 52 week low of $10.77 and a 52 week high of $17.88. The stock has a 50 day moving average price of $15.21 and a 200 day moving average price of $16.13. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 20.37 and a beta of 1.03.

In related news, Director Stephen M. Waters sold 9,000 shares of Boston Private Financial Holdings stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $15.46, for a total value of $139,140.00. Following the transaction, the director now owns 39,093 shares in the company, valued at $604,377.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.07% of the company’s stock.

Large investors have recently made changes to their positions in the company. Meadow Creek Investment Management LLC raised its stake 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. purchased a new position in Boston Private Financial Holdings during the first quarter worth approximately $116,000. Glen Harbor Capital Management LLC raised its position 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 valued at $129,000 after buying an additional 612 shares in the last quarter. SG Americas Securities LLC raised its position 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 valued at $142,000 after buying an additional 1,531 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new position in Boston Private Financial Holdings during the first quarter valued at $157,000. Institutional investors own 91.10% of the company’s stock.

About Boston Private Financial Holdings

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.

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

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