Brokerages expect Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) to report $97.83 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Boston Private Financial Holdings’ earnings. The lowest sales estimate is $97.20 million and the highest is $98.80 million. Boston Private Financial Holdings posted sales of $51.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 88.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 19th.

On average, analysts expect that Boston Private Financial Holdings will report full year sales of $97.83 million for the current fiscal year, with estimates ranging from $381.60 million to $392.00 million. For the next financial year, analysts anticipate that the business will report sales of $409.73 million per share, with estimates ranging from $402.60 million to $419.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The company had revenue of $94.37 million for the quarter, compared to the consensus estimate of $95.70 million.

A number of brokerages have recently issued reports on BPFH. Zacks Investment Research cut shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday. BidaskClub upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $16.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.60.

Several large investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its stake in 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 during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Boston Private Financial Holdings during the first quarter valued at $116,000. Glen Harbor Capital Management LLC raised its stake 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 during the last quarter. SG Americas Securities LLC raised its stake 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 during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Boston Private Financial Holdings during the first quarter valued at $157,000. 91.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) opened at 14.60 on Friday. The company has a market capitalization of $1.23 billion, a P/E ratio of 17.20 and a beta of 1.06. The firm’s 50 day moving average is $15.27 and its 200-day moving average is $15.87. Boston Private Financial Holdings has a 52-week low of $11.77 and a 52-week high of $17.88.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is 51.16%.

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Boston Private Financial Holdings Company Profile

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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