Boston Private Financial (NASDAQ:BPFH) released its quarterly earnings data on Wednesday. The bank reported $0.30 EPS for the quarter, topping the consensus estimate 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%.
Boston Private Financial stock opened at $13.23 on Friday. 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 stock has a 50 day moving average of $9.64 and a 200-day moving average of $7.09. The stock has a market cap of $1.09 billion, a P/E ratio of 25.94 and a beta of 1.16. Boston Private Financial has a 52 week low of $5.00 and a 52 week high of $13.53.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 19th. Shareholders of record on Friday, February 5th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. Boston Private Financial’s payout ratio is 25.00%.
Several analysts have issued reports on BPFH shares. Piper Sandler reduced their price target on shares of Boston Private Financial from $7.00 to $6.00 and set a “neutral” rating on the stock in a report 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 on the stock in a report on Tuesday, December 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued 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 the stock in a transaction 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 transaction, the executive vice president now directly owns 105,291 shares in the company, valued at approximately $1,138,195.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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