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Boston Private Financial Holdings

Nasdaq:BPFH
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BPFH
Nasdaq
$950M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 70 days ago. More info.


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BPFH Share Price and Events
7 Day Returns
-3.4%
NasdaqGS:BPFH
-1%
US Banks
0.6%
US Market
1 Year Returns
-30%
NasdaqGS:BPFH
-6.5%
US Banks
4.1%
US Market
BPFH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boston Private Financial Holdings (BPFH) -3.4% 3.1% -2.2% -30% -7.5% -9.9%
US Banks -1% 2.4% -1.5% -6.5% 44.7% 46%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • BPFH underperformed the Banks industry which returned -6.5% over the past year.
  • BPFH underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
BPFH
Industry
5yr Volatility vs Market

BPFH Value

 Is Boston Private Financial Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Boston Private Financial Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Boston Private Financial Holdings.

NasdaqGS:BPFH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $9.98 * 10.8%
$1.08
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $9.98
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BPFH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (97.3%))
1.034
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.034 * 5.96%)
8.89%

Discounted Cash Flow Calculation for NasdaqGS:BPFH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Boston Private Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:BPFH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 8.89%) * $9.98)
$0.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.19 / (8.89% - 2.73%)
$3.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.98 + $3.11
$13.1
NasdaqGS:BPFH Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.10
Current discount Discount to share price of $11.34
= -1 x ($11.34 - $13.10) / $13.10
13.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Boston Private Financial Holdings is available for.
Intrinsic value
13%
Share price is $11.34 vs Future cash flow value of $13.1
Current Discount Checks
For Boston Private Financial Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boston Private Financial Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Boston Private Financial Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Boston Private Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boston Private Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BPFH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.92
NasdaqGS:BPFH Share Price ** NasdaqGS (2019-07-17) in USD $11.34
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.75x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Boston Private Financial Holdings.

NasdaqGS:BPFH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BPFH Share Price ÷ EPS (both in USD)

= 11.34 ÷ 0.92

12.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Private Financial Holdings is good value based on earnings compared to the US Banks industry average.
  • Boston Private Financial Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Boston Private Financial Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:BPFH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
22.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqGS:BPFH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.36x ÷ 22.7%

0.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Private Financial Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Boston Private Financial Holdings's assets?
Raw Data
NasdaqGS:BPFH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.30
NasdaqGS:BPFH Share Price * NasdaqGS (2019-07-17) in USD $11.34
United States of America Banks Industry PB Ratio Median Figure of 593 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGS:BPFH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BPFH Share Price ÷ Book Value per Share (both in USD)

= 11.34 ÷ 9.30

1.22x

* Primary Listing of Boston Private Financial Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Private Financial Holdings is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Boston Private Financial Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Boston Private Financial Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BPFH Future Performance

 How is Boston Private Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boston Private Financial Holdings expected to grow at an attractive rate?
  • Boston Private Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Boston Private Financial Holdings's earnings growth is expected to exceed the United States of America market average.
  • Boston Private Financial Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BPFH Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BPFH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 22.7%
NasdaqGS:BPFH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BPFH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BPFH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 172
2020-12-31 364 84 4
2019-12-31 339 81 4
NasdaqGS:BPFH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 373 85 77
2018-12-31 387 93 77
2018-09-30 378 94 20
2018-06-30 383 92 20
2018-03-31 395 104 39
2017-12-31 386 102 31
2017-09-30 386 105 67
2017-06-30 378 104 67
2017-03-31 365 100 59
2016-12-31 366 106 62
2016-09-30 357 99 60
2016-06-30 350 120 55

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boston Private Financial Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Boston Private Financial Holdings's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BPFH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Boston Private Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BPFH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.00 2.00 2.00 1.00
2020-12-31 1.00 1.07 0.93 4.00
2019-12-31 0.97 1.06 0.90 4.00
NasdaqGS:BPFH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.92
2018-12-31 0.92
2018-09-30 0.24
2018-06-30 0.24
2018-03-31 0.47
2017-12-31 0.37
2017-09-30 0.81
2017-06-30 0.82
2017-03-31 0.73
2016-12-31 0.76
2016-09-30 0.74
2016-06-30 0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Boston Private Financial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Boston Private Financial Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Boston Private Financial Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BPFH Past Performance

  How has Boston Private Financial Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Boston Private Financial Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Boston Private Financial Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Boston Private Financial Holdings's 1-year earnings growth exceeds its 5-year average (97.1% vs -3.5%)
  • Boston Private Financial Holdings's earnings growth has exceeded the US Banks industry average in the past year (97.1% vs 40.8%).
Earnings and Revenue History
Boston Private Financial Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Boston Private Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BPFH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 372.85 76.73 228.66
2018-12-31 386.76 76.70 239.57
2018-09-30 378.40 19.74 246.74
2018-06-30 382.82 20.08 252.48
2018-03-31 394.91 38.94 254.28
2017-12-31 386.32 30.83 251.99
2017-09-30 385.54 66.67 245.40
2017-06-30 378.23 66.78 237.96
2017-03-31 365.46 59.20 233.90
2016-12-31 366.16 62.02 231.12
2016-09-30 357.07 59.82 231.63
2016-06-30 349.87 54.61 228.87
2016-03-31 348.01 55.46 227.09
2015-12-31 346.49 55.50 226.21
2015-09-30 340.63 52.62 221.44
2015-06-30 338.96 56.37 216.79
2015-03-31 337.96 59.88 210.86
2014-12-31 326.90 58.66 203.97
2014-09-30 325.14 62.64 198.33
2014-06-30 322.54 62.49 196.01
2014-03-31 313.16 49.93 195.07
2013-12-31 309.17 46.11 195.61
2013-09-30 309.85 41.83 198.91
2013-06-30 309.29 38.63 201.43
2013-03-31 304.34 42.81 201.55
2012-12-31 298.25 39.54 200.47
2012-09-30 293.79 40.06 199.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Boston Private Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Boston Private Financial Holdings used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Boston Private Financial Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Boston Private Financial Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Boston Private Financial Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BPFH Health

 How is Boston Private Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Boston Private Financial Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Boston Private Financial Holdings Company Filings, last reported 3 months ago.

NasdaqGS:BPFH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 779.48 804.24 120.16
2018-12-31 756.48 835.97 145.40
2018-09-30 749.70 735.95 121.35
2018-06-30 744.72 1,249.53 392.63
2018-03-31 805.83 826.45 101.18
2017-12-31 803.41 881.36 136.07
2017-09-30 830.94 1,065.07 125.79
2017-06-30 816.64 811.76 113.15
2017-03-31 799.13 1,076.23 181.85
2016-12-31 785.45 997.80 118.60
2016-09-30 797.69 864.34 96.83
2016-06-30 789.98 1,042.50 155.08
2016-03-31 779.08 754.64 130.91
2015-12-31 764.70 635.90 242.05
2015-09-30 759.01 678.96 54.58
2015-06-30 747.29 782.66 68.38
2015-03-31 739.97 669.50 94.70
2014-12-31 724.82 515.80 169.87
2014-09-30 697.03 557.70 312.67
2014-06-30 683.55 668.40 142.96
2014-03-31 666.75 615.98 401.81
2013-12-31 653.16 582.01 189.05
2013-09-30 640.26 600.43 325.68
2013-06-30 626.94 679.50 70.43
2013-03-31 634.52 775.15 57.02
2012-12-31 622.39 676.44 275.68
2012-09-30 615.28 903.31 87.23
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Boston Private Financial Holdings has an acceptable proportion of non-loan assets held.
  • Boston Private Financial Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Boston Private Financial Holdings are broadly funded by customer deposits.
  • Boston Private Financial Holdings's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Boston Private Financial Holdings has a sufficient allowance for bad loans.
  • Boston Private Financial Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Boston Private Financial Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Boston Private Financial Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BPFH Dividends

 What is Boston Private Financial Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.23%
Current annual income from Boston Private Financial Holdings dividends. Estimated to be 4.23% next year.
If you bought $2,000 of Boston Private Financial Holdings shares you are expected to receive $85 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Boston Private Financial Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Boston Private Financial Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BPFH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BPFH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2020-12-31 0.48 5.00
2019-12-31 0.48 5.00
NasdaqGS:BPFH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-30 0.480 4.220
2018-07-18 0.480 3.725
2018-01-17 0.480 3.030
2017-11-07 0.440 2.812
2017-10-18 0.440 2.763
2017-08-02 0.440 2.869
2017-07-26 0.440 2.879
2017-05-04 0.440 2.889
2017-04-26 0.440 2.777
2017-02-28 0.440 2.679
2017-01-18 0.440 2.626
2016-11-03 0.400 2.585
2016-10-20 0.400 3.097
2016-08-03 0.400 3.157
2016-07-20 0.400 3.296
2016-05-05 0.400 3.325
2016-04-20 0.400 3.253
2016-02-26 0.400 3.516
2016-01-27 0.400 3.959
2015-07-15 0.360 3.094
2015-05-07 0.360 2.766
2015-04-14 0.360 2.842
2015-03-02 0.360 2.919
2015-01-21 0.360 2.974
2014-10-15 0.320 2.494
2014-07-15 0.320 2.573
2014-04-15 0.320 2.494
2014-02-28 0.320 2.388
2014-01-15 0.320 2.577
2013-07-17 0.280 2.471
2013-01-16 0.200 2.048
2012-10-17 0.040 0.437
2012-07-18 0.040 0.416
2012-04-25 0.040 0.455
2012-01-26 0.040 0.426
2011-10-25 0.040 0.516
2011-07-26 0.040 0.651
2011-04-26 0.040 0.624
2011-01-27 0.040 0.569
2010-10-27 0.040 0.668
2010-04-28 0.040 0.593
2010-01-27 0.040 0.543
2009-10-28 0.040 0.709
2009-07-22 0.040 0.734
2009-04-21 0.040 0.840
2009-01-28 0.040 1.155
2008-11-07 0.040 0.687
2008-10-22 0.040 0.510
2008-08-08 0.040 0.449
2008-07-22 0.040 0.514

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Boston Private Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Boston Private Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Boston Private Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boston Private Financial Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BPFH Management

 What is the CEO of Boston Private Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony DeChellis
COMPENSATION $3,052,276
AGE 56
TENURE AS CEO 0.7 years
CEO Bio

Mr. Anthony DeChellis, also known as Tony, has been a President at Boston Private Financial Holdings, Inc. since November 26, 2018. He is also President for Boston Private Bank & Trust Company. He serves as Chief Executive Officer and Director at Boston Private Financial Holdings, Inc. and Boston Private Bank & Trust Company since joining in November 26, 2018. Mr. DeChellis is responsible for advancing Boston Private’s mission of providing holistic financial advice integrated with banking solutions for personal and business clients. He has experience in the financial services industry. He served as Managing Partner and President at OurCrowd Ltd. Since 2014 until 2016. Mr. Dechellis served as the Chief Executive Officer of Private Banking Americas of Credit Suisse Group isnce 2006 until 2013. At Credit Suisse, Mr. DeChellis was on the Global Private Banking Management Committee, the Board of Directors for Securities USA, the Private Banking Global Risk Management Committee, the Global Diversity Committee and the Global Investment Banking Management Committee. He served as the Head of Private Banking Americas at Credit Suisse (Deutschland) Aktiengesellschaft since May 22, 2006. He served as the Head of Private Banking Americas of Credit Suisse (USA), Inc. He joined Credit Suisse from UBS, where he served as the Head of the Private Wealth Management division of UBS Wealth Management USA and also as Co-Head of Private Wealth Services - UBS Financial Services Inc. from October 21, 2003 to July 1, 2006. He served as Managing Director of UBS Wealth Management USA. He served as Managing Director of UBS Group AG and also served as its Co-Head of Private Wealth Services since August 22, 2003. He served as the Head of Private Banking Americas at Credit Suisse AG. He served as a Co-Head of Private Wealth Services of UBS AG since August 22, 2003 and also as its Managing Director. He served as a Managing Director at Merrill Lynch, where he held a range of leadership positions, including Head of Family Office, Private Planning, Wealth Strategies & UHNW Strategic Initiatives, and Head of International Private Banking Europe. He also served as Manager of the European private banking business as well as having served as a Financial Advisor, Branch Office Manager and District Sales Manager. Mr. DeChellis is a Member of the Board of Trustees of The Berkshire School, the Board of Directors of The Open Door Homeless Shelter and the President’s Leadership Council of Rollins College. Mr. DeChellis earned his MBA at the University of Chicago and B.A. in economics from Rollins College.

CEO Compensation
  • Insufficient data for Tony to compare compensation growth.
  • Tony's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Boston Private Financial Holdings management team in years:

0.8
Average Tenure
53
Average Age
  • The average tenure for the Boston Private Financial Holdings management team is less than 2 years, this suggests a new team.
Management Team

Tony DeChellis

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
56
TENURE
0.7 yrs

Steve Gaven

TITLE
Executive VP & CFO
COMPENSATION
$699K
AGE
39
TENURE
1.5 yrs

Jackie Shoback

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$1M
AGE
52
TENURE
0.5 yrs

Gloria Larson

TITLE
Director
COMPENSATION
$120K
AGE
68
TENURE
12 yrs

Maura Almy

TITLE
Executive VP and Chief Operating & Platform Officer
AGE
53
TENURE
0.5 yrs

Adam Bromley

TITLE
Senior VP & Director of Investor Relations

Colleen Graham

TITLE
Executive VP & General Counsel
TENURE
0.3 yrs

Lisa Allen

TITLE
Senior Vice President of Corporate Development-Private & Commercial Banking New England
TENURE
0.8 yrs

Joy McCune

TITLE
Executive VP & Chief Human Resources Officer
AGE
51
TENURE
1.5 yrs

Tim MacDonald

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$1M
AGE
60
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Boston Private Financial Holdings board of directors in years:

3.8
Average Tenure
60
Average Age
  • The tenure for the Boston Private Financial Holdings board of directors is about average.
Board of Directors

Steve Waters

TITLE
Chairman of the Board
COMPENSATION
$170K
AGE
72
TENURE
9 yrs

Tony DeChellis

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
56
TENURE
0.7 yrs

Gloria Larson

TITLE
Director
COMPENSATION
$120K
AGE
68
TENURE
4.5 yrs

Liz Zlatkus

TITLE
Director
COMPENSATION
$130K
AGE
60
TENURE
4 yrs

Mike Furlong

TITLE
Director
COMPENSATION
$120K
AGE
62
TENURE
2.8 yrs

Joe Guyaux

TITLE
Director
COMPENSATION
$120K
AGE
68
TENURE
2.8 yrs

Luis Ubiñas

TITLE
Director
COMPENSATION
$125K
AGE
56
TENURE
1.8 yrs

Deborah Kuenstner

TITLE
Director
COMPENSATION
$130K
AGE
60
TENURE
12 yrs

Kim Stevenson

TITLE
Director
COMPENSATION
$130K
AGE
56
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Feb 19 Sell Joseph Guyaux Individual 08. Nov 18 10. Dec 18 -116 $13.07 $-1,423
13. Dec 18 Buy Paul Simons Individual 12. Dec 18 12. Dec 18 10,560 $11.36 $119,901
06. Dec 18 Sell Stephen Waters Individual 04. Dec 18 04. Dec 18 -3,000 $12.61 $-37,830
30. Nov 18 Buy Anthony DeChellis Individual 28. Nov 18 28. Nov 18 20,000 $12.66 $253,029
20. Nov 18 Sell David Kaye Individual 19. Nov 18 19. Nov 18 -27,498 $13.08 $-358,928
16. Aug 18 Buy Joy Enos Individual 14. Aug 18 14. Aug 18 1,000 $14.00 $14,000
02. Aug 18 Buy Mark Furlong Individual 01. Aug 18 01. Aug 18 1,500 $14.50 $21,750
30. Jul 18 Sell Stephen Waters Individual 26. Jul 18 26. Jul 18 -5,000 $14.40 $-72,000
X
Management checks
We assess Boston Private Financial Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Boston Private Financial Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BPFH News

Simply Wall St News

Is Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) A Smart Pick For Income Investors?

For the purpose of this article, we only scrutinise the last decade of Boston Private Financial Holdings's dividend payments. … Boston Private Financial Holdings has a number of positive attributes, but falls short of our ideal dividend company. … See what the 6 analysts we track are forecasting for Boston Private Financial Holdings for free with public analyst estimates for the company.

Simply Wall St -

At US$10.46, Is Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Worth Looking At Closely?

It’s trading around 16% below my intrinsic value, which means if you buy Boston Private Financial Holdings today, you’d be paying a reasonable price for it. … In addition to this, Boston Private Financial Holdings has a low beta, which suggests its share price is less volatile than the wider market. … BPFH’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Does Boston Private Financial Holdings, Inc.'s (NASDAQ:BPFH) May Stock Price Reflect Its Future Growth?

See our latest analysis for Boston Private Financial Holdings Should you get excited about BPFH's future? … But, to properly examine the value of a high-growth stock such as Boston Private Financial Holdings, we must reflect its earnings growth into the valuation. … A PE ratio of 12.07x and expected year-on-year earnings growth of 21% give Boston Private Financial Holdings a very low PEG ratio of 0.57x.

Simply Wall St -

How Does Investing In Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Impact The Volatility Of Your Portfolio?

(NASDAQ:BPFH), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Does Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Have A Place In Your Portfolio?

Over the past 10 years Boston Private Financial Holdings, Inc. … Does Boston Private Financial Holdings tick all the boxes of a great dividend stock? … See our latest analysis for Boston Private Financial Holdings

Simply Wall St -

Grab Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Today With A Solid 4.6% Dividend Yield

Boston Private Financial Holdings, Inc. … In the past ten years, Boston Private Financial Holdings has also grown its dividend from $0.040 to $0.48. … Below, I have outlined more attractive dividend aspects for Boston Private Financial Holdings for income investors who may be interested in new dividend stocks for their portfolio.

Simply Wall St -

What You Should Know About Boston Private Financial Holdings, Inc.’s (NASDAQ:BPFH) Risks

Boston Private Financial Holdings, Inc. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Boston Private Financial Holdings’s bottom line. … See our latest analysis for Boston Private Financial Holdings

Simply Wall St -

What Is Boston Private Financial Holdings, Inc.'s (NASDAQ:BPFH) Share Price Doing?

Boston Private Financial Holdings, Inc. … (NASDAQ:BPFH), operating in the financial services industry based in United States,. … Let’s take a look at Boston Private Financial Holdings’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Simply Wall St -

Do You Like Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) At This P/E Ratio?

We'll look at Boston Private Financial Holdings, Inc.'s (NASDAQ:BPFH) P/E ratio and reflect on what it tells us about the company's share price. … Boston Private Financial Holdings has a price to earnings ratio of 12.71, based on the last twelve months. … View our latest analysis for Boston Private Financial Holdings?

Simply Wall St -

Have Insiders Been Selling Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Shares?

So before you buy or sell Boston Private Financial Holdings, Inc. … Check out our latest analysis for Boston Private Financial Holdings. … Boston Private Financial Holdings Insider Transactions Over The Last Year.

Simply Wall St -

BPFH Company Info

Description

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. 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, it provides wealth management solutions comprising customized investment solutions, wealth planning, trust, and family office services for high net worth individuals and families; services for pension funds, endowments, trusts, foundations and select institutions, mutual funds, and high net worth individuals and their families; and financial planning, tax planning and preparation, estate and insurance planning, retirement planning, charitable planning, and intergenerational gifting and succession planning. As of January 31, 2019, the company operated offices in Boston, New York, Los Angeles, San Francisco, San Jose, and Florida. Boston Private Financial Holdings, Inc. was founded in 1987 and is headquartered in Boston, Massachusetts.

Details
Name: Boston Private Financial Holdings, Inc.
BPFH
Exchange: NasdaqGS
Founded: 1987
$950,028,775
83,776,788
Website: http://www.bostonprivate.com
Address: Boston Private Financial Holdings, Inc.
Ten Post Office Square,
Boston,
Massachusetts, 02109,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BPFH Common Stock Nasdaq Global Select US USD 14. Feb 1994
DB BP8 Common Stock Deutsche Boerse AG DE EUR 14. Feb 1994
Number of employees
Current staff
Staff numbers
774
Boston Private Financial Holdings employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:34
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.