Boston Private Financial (BPFH) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Boston Private Financial (NASDAQ:BPFH) posted its quarterly earnings results on Wednesday. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05, Bloomberg Earnings reports. Boston Private Financial had a net margin of 18.89% and a return on equity of 11.04%. The business had revenue of $82.62 million during the quarter, compared to analyst estimates of $85.15 million. During the same quarter in the previous year, the business posted $0.27 EPS.
Shares of Boston Private Financial stock opened at $11.61 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.70. Boston Private Financial has a 12-month low of $10.00 and a 12-month high of $17.85. The company has a market cap of $962.52 million, a price-to-earnings ratio of 11.97 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.13%. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. BidaskClub upgraded shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. Finally, ValuEngine lowered shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Boston Private Financial has an average rating of “Sell” and a consensus price target of $15.00.
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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. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.
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