Boston Private Financial (NASDAQ:BPFH) Posts Earnings Results, Beats Estimates By $0.13 EPS

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

Shares of NASDAQ:BPFH opened at $13.23 on Friday. The stock has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $7.09. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.94 and a beta of 1.16. Boston Private Financial has a 12-month low of $5.00 and a 12-month high of $13.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48.

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

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

In other Boston Private Financial news, EVP W. Timothy Macdonald sold 10,586 shares of Boston Private Financial stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $10.81, for a total transaction of $114,434.66. Following the completion of the transaction, the executive vice president now owns 105,291 shares in the company, valued at $1,138,195.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is currently owned by insiders.

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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