Boston Private Financial (NASDAQ:BPFH) Issues Earnings Results


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Boston Private Financial (NASDAQ:BPFH) announced its quarterly earnings results on Wednesday. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13, MarketWatch Earnings reports. Boston Private Financial had a net margin of 11.43% and a return on equity of 4.89%.

NASDAQ BPFH opened at $13.23 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 25.94 and a beta of 1.16. The company has a 50 day moving average of $9.64 and a 200-day moving average of $7.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. Boston Private Financial has a 1-year low of $5.00 and a 1-year high of $13.53.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 19th. Stockholders of record on Friday, February 5th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.81%. Boston Private Financial’s payout ratio is 25.00%.

In other news, EVP W. Timothy Macdonald sold 10,586 shares of the firm’s stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $10.81, for a total transaction of $114,434.66. Following the completion of the sale, the executive vice president now owns 105,291 shares of the company’s stock, valued at $1,138,195.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

A number of research analysts have commented on BPFH shares. Zacks Investment Research upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Tuesday, December 22nd. Piper Sandler dropped their price objective on shares of Boston Private Financial from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.30.

About Boston Private Financial

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking products and services in the United States. It operates in two segments, Private Banking; and Wealth Management and Trust. The company offers deposit products, such as checking, savings and NOW, and money market accounts; and certificates of deposit.

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Earnings History for Boston Private Financial (NASDAQ:BPFH)

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