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 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, November 1st.
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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Boston Private Financial to earn $1.00 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 48.0%.
BPFH opened at $13.36 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 15.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Boston Private Financial has a 12-month low of $12.50 and a 12-month high of $17.85.
In other Boston Private Financial news, insider George G. Schwartz sold 6,205 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $14.20, for a total transaction of $88,111.00. Following the completion of the sale, the insider now owns 152,557 shares in the company, valued at $2,166,309.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.11% of the stock is owned by insiders.
Several research firms have weighed in on BPFH. ValuEngine lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. BidaskClub upgraded shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, October 8th. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, TheStreet lowered shares of Boston Private Financial from a “b-” rating to a “c+” rating in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Boston Private Financial presently has an average rating of “Hold” and a consensus 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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