Boston Private Financial Hldg Inc (NASDAQ:BPFH) announced a quarterly dividend on Wednesday, October 17th, RTT News reports. Investors of record on Friday, November 2nd will be given a dividend of 0.12 per share by the bank on Friday, November 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.60%.

Boston Private Financial has raised its dividend by an average of 11.2% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Boston Private Financial has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Boston Private Financial to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 48.5%.

NASDAQ BPFH traded up $0.18 on Wednesday, reaching $13.34. The company had a trading volume of 36,508 shares, compared to its average volume of 411,122. The firm has a market capitalization of $1.15 billion, a P/E ratio of 14.95 and a beta of 0.90. Boston Private Financial has a 52-week low of $12.73 and a 52-week high of $17.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.58.

Boston Private Financial (NASDAQ:BPFH) last announced its earnings results on Wednesday, July 18th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Boston Private Financial had a net margin of 6.97% and a return on equity of 10.48%. The business had revenue of $89.64 million for the quarter, compared to analysts’ expectations of $92.53 million. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, sell-side analysts predict that Boston Private Financial will post 0.94 EPS for the current fiscal year.

In other news, Director Stephen M. Waters sold 5,000 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $14.40, for a total transaction of $72,000.00. Following the completion of the transaction, the director now owns 24,093 shares in the company, valued at approximately $346,939.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George G. Schwartz sold 6,205 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $14.20, for a total value of $88,111.00. Following the transaction, the insider now owns 152,557 shares of the company’s stock, valued at approximately $2,166,309.40. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on BPFH. ValuEngine lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. BidaskClub lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. BMO Capital Markets decreased their target price on Boston Private Financial from $17.00 to $15.00 and set a “market perform” rating for the company in a research report on Tuesday, July 24th. Zacks Investment Research lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, TheStreet lowered Boston Private Financial from a “b-” rating to a “c+” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.

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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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Dividend History for Boston Private Financial (NASDAQ:BPFH)

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