Brokerages predict that Boston Private Financial Hldg Inc (NASDAQ:BPFH) will post $91.03 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Boston Private Financial’s earnings, with the highest sales estimate coming in at $94.50 million and the lowest estimate coming in at $87.50 million. Boston Private Financial reported sales of $96.45 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The business is expected to announce its next quarterly earnings results on Wednesday, January 16th.
According to Zacks, analysts expect that Boston Private Financial will report full-year sales of $369.23 million for the current year, with estimates ranging from $366.20 million to $373.00 million. For the next fiscal year, analysts expect that the business will post sales of $354.63 million, with estimates ranging from $347.10 million to $364.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last announced its earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $91.96 million for the quarter, compared to the consensus estimate of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same period last year, the firm posted $0.22 earnings per share.
BPFH stock opened at $12.72 on Friday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 14.45 and a beta of 0.83. Boston Private Financial has a one year low of $12.39 and a one year high of $17.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.
The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 1st. Boston Private Financial’s dividend payout ratio is 54.55%.
In other news, CEO David J. Kaye sold 27,498 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $13.05, for a total value of $358,848.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.11% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Boston Private Financial in the second quarter worth approximately $170,000. Alpine Woods Capital Investors LLC bought a new position in shares of Boston Private Financial in the third quarter worth approximately $232,000. SG Americas Securities LLC bought a new position in shares of Boston Private Financial in the second quarter worth approximately $255,000. UBS Group AG boosted its holdings in Boston Private Financial by 63.6% in the first quarter. UBS Group AG now owns 17,982 shares of the bank’s stock valued at $271,000 after acquiring an additional 6,989 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after acquiring an additional 17,205 shares in the last quarter. Hedge funds and other institutional investors own 91.55% 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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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