Boston Private Financial Q3 Earnings: Can NasdaqGS:BPFH Hit Its $0.16 EPS Target?

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Boston Private Financial Holdings, Inc. (NasdaqGS:BPFH) is scheduled to report Q3 earnings results after markets close for trading on October 21, 2020.

The company is expected to report earnings of $0.16/share on revenue of $82.903 million. The consensus earnings per share (EPS) of $0.16/share is based on a poll of 5 analysts and represents a decline in eps of −34.2% over the same quarter last year, when the company reported earnings of $0.24/share.

The revenue forecast of $82.903 million based on a poll of 4 analysts implies a year-over-year (YoY) growth in revenue of 2.0%. Last year the company reported $81.279 million in revenue for the quarter.

Expected to report EPS contraction of −34.2% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $82.90 $81.28 2.0%
EPS $0.16 $0.24 −34.2%

Earnings Call Trends

Historically, management has exceeded analyst expectations 5 out of the last 8 tracked quarters, missed 2 quarters, and met expectations 1 quarters.

What are your expectations from Boston Private Financial Holdings, Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.06 -$0.04 −166.7% Missed
Q1, 2020 $0.17 $0.01 −94.0% Missed
Q4, 2019 $0.22 $0.25 14.9% Beat
Q3, 2019 $0.22 $0.24 9.1% Beat
Q2, 2019 $0.23 $0.22 −3.5% Missed
Q1, 2019 $0.21 $0.27 25.6% Beat
Q4, 2018 $0.23 $0.26 13.5% Beat
Q3, 2018 $0.23 $0.25 9.4% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 1.1%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 28, 2020 $6.09 $6.16 1.1% Increase
April 29, 2020 $8.09 $7.60 −6.1% Decline
January 22, 2020 $12.17 $12 −1.4% Decline
October 24, 2019 $12.01 $11.29 −6.0% Decline

Fundamentals And Technical Analysis

Boston Private Financial Holdings, Inc. is currently trading at $6.47/share, up 1.3% for the day. The company is trading at approximately 49.6% of its 52-week high of $13.08/share. The company’s stock price is up 5.1% since the last earnings report and up 1.7% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 58.94 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NasdaqGS:BPFH Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 13.48 and a forward P/E multiple of 18.67.

Boston Private Financial Holdings, Inc.’s current share price also implies a price-to-book (P/B) multiple of 0.65. The following table summarizes some other key fundamental ratios:

Data as of October 19, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $6.47
P/E Ratio 13.5x
P/E Ratio (Fwd) 18.7x
PEG Ratio −0.2
Total Debt / Total Capital 60.0%
Levered Free Cash Flow $55.785 million
Price To Sales 1.8x

Finbox

Boston Private Financial Holdings, Inc. is a small-cap stock with a market capitalization of $525.2 million. The company operates in the Financials sector and the Banks industry.

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. Its loan products include loans to individuals, such as residential mortgage loans, mortgage loans on investment or vacation properties, unsecured and secured personal lines of credits, home equity loans, and overdraft protection; and loans to businesses consisting of commercial and mortgage loans, revolving lines of credit, working capital loans, equipment financing, community lending programs, and construction and land loans. In addition, the company provides wealth management solutions comprising planning-based financial strategies, wealth management, family office, financial planning, tax planning, and trust services to individuals, families, institutions, and nonprofit institutions. It operates offices in Boston, Miami, New York, Los Angeles, San Francisco, and Florida. Boston Private Financial Holdings, Inc. was founded in 1987 and is headquartered in Boston, Massachusetts.

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