$90.75 Million in Sales Expected for Boston Private Financial Hldg Inc (BPFH) This Quarter
Wall Street brokerages expect Boston Private Financial Hldg Inc (NASDAQ:BPFH) to post $90.75 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Boston Private Financial’s earnings. The highest sales estimate is $91.20 million and the lowest is $90.30 million. Boston Private Financial posted sales of $90.15 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Boston Private Financial will report full-year sales of $90.75 million for the current year, with estimates ranging from $376.00 million to $379.30 million. For the next year, analysts expect that the business will report sales of $401.80 million per share, with estimates ranging from $399.70 million to $403.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Boston Private Financial.
Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. The firm had revenue of $96.45 million during the quarter, compared to the consensus estimate of $100.07 million. During the same period in the previous year, the company posted $0.24 EPS.
In other Boston Private Financial news, CEO Corey Griffin bought 5,000 shares of Boston Private Financial stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average price of $15.19 per share, for a total transaction of $75,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP W. Timothy Macdonald bought 6,943 shares of Boston Private Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $15.14 per share, with a total value of $105,117.02. The disclosure for this purchase can be found here. Insiders bought 33,255 shares of company stock valued at $507,486 in the last quarter. Corporate insiders own 2.07% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc acquired a new position in Boston Private Financial during the fourth quarter worth $169,000. Stone Ridge Asset Management LLC acquired a new position in Boston Private Financial during the fourth quarter worth $169,000. Verition Fund Management LLC acquired a new position in Boston Private Financial during the fourth quarter worth $198,000. Everence Capital Management Inc. acquired a new position in Boston Private Financial during the third quarter worth $234,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Boston Private Financial during the fourth quarter worth $243,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Boston Private Financial (BPFH) traded up $0.20 during trading on Tuesday, hitting $14.75. 361,113 shares of the stock traded hands, compared to its average volume of 398,822. The firm has a market capitalization of $1,242.89, a PE ratio of 34.30 and a beta of 1.03. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.45. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from Boston Private Financial’s previous quarterly dividend of $0.11. Boston Private Financial’s dividend payout ratio is 111.63%.
COPYRIGHT VIOLATION NOTICE: “$90.75 Million in Sales Expected for Boston Private Financial Hldg Inc (BPFH) This Quarter” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/90-75-million-in-sales-expected-for-boston-private-financial-hldg-inc-bpfh-this-quarter/1907863.html.
Boston Private Financial 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.