Analysts forecast that Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will report sales of $100.07 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Boston Private Financial Holdings’ earnings. The lowest sales estimate is $99.50 million and the highest is $101.00 million. Boston Private Financial Holdings reported sales of $95.48 million in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, January 17th.

On average, analysts expect that Boston Private Financial Holdings will report full-year sales of $100.07 million for the current financial year, with estimates ranging from $381.20 million to $391.90 million. For the next fiscal year, analysts expect that the company will report sales of $410.27 million per share, with estimates ranging from $408.40 million to $412.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Boston Private Financial Holdings.

Boston Private Financial Holdings (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boston Private Financial Holdings had a net margin of 18.44% and a return on equity of 10.03%. The business had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $98.00 million.

BPFH has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Boston Private Financial Holdings presently has an average rating of “Hold” and an average target price of $16.00.

Several institutional investors have recently bought and sold shares of BPFH. Russell Investments Group Ltd. bought a new position in shares of Boston Private Financial Holdings in the first quarter valued at approximately $530,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Boston Private Financial Holdings by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock valued at $2,932,000 after acquiring an additional 41,796 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 acquiring an additional 1,531 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Boston Private Financial Holdings by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 18,431 shares of the bank’s stock valued at $303,000 after acquiring an additional 4,525 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Boston Private Financial Holdings by 3.7% in the first quarter. Principal Financial Group Inc. now owns 651,420 shares of the bank’s stock valued at $10,683,000 after acquiring an additional 23,138 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.

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Shares of Boston Private Financial Holdings (BPFH) opened at 16.00 on Thursday. The firm has a 50-day moving average price of $15.87 and a 200-day moving average price of $15.43. Boston Private Financial Holdings has a one year low of $12.45 and a one year high of $17.88. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 18.85 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Thursday, November 2nd. Boston Private Financial Holdings’s dividend payout ratio (DPR) is presently 51.16%.

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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