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%.

A number of institutional investors have recently modified their holdings of BPFH. Wells Fargo & Company MN increased its stake in Boston Private Financial by 8.0% during the 3rd quarter. Wells Fargo & Company MN now owns 194,640 shares of the bank’s stock valued at $2,657,000 after purchasing an additional 14,482 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Boston Private Financial by 24.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock valued at $21,598,000 after acquiring an additional 309,984 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Boston Private Financial by 2.0% in the 3rd quarter. BlackRock Inc. now owns 12,481,082 shares of the bank’s stock valued at $170,367,000 after acquiring an additional 239,984 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Boston Private Financial by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after acquiring an additional 375,363 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Boston Private Financial by 40.2% in the 3rd quarter. Renaissance Technologies LLC now owns 136,272 shares of the bank’s stock valued at $1,860,000 after acquiring an additional 39,100 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

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.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2019/04/18/boston-private-financial-bpfh-releases-quarterly-earnings-results-beats-expectations-by-0-05-eps.html.

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.

Featured Article: Investing strategies using the yield curve

Earnings History for Boston Private Financial (NASDAQ:BPFH)

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.