Media stories about Boston Private Financial Holdings (NASDAQ:BPFH) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boston Private Financial Holdings earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.5845624320805 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded up 2.46% on Monday, reaching $14.60. The company had a trading volume of 308,470 shares. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.20 and a beta of 1.07. Boston Private Financial Holdings has a 12 month low of $12.41 and a 12 month high of $17.88. The firm’s 50 day moving average is $14.85 and its 200 day moving average is $15.56.
Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%. The company had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. On average, equities research analysts expect that Boston Private Financial Holdings will post $0.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is presently 51.16%.
A number of brokerages have weighed in on BPFH. BidaskClub lowered Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.60.
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About Boston Private Financial Holdings
Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.
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