Boston Private Financial Hldg Inc (BPFH) To Go Ex-Dividend on November 1st

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.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. The firm had revenue of $91.96 million during the quarter, compared to analyst estimates of $92.03 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities research analysts anticipate that Boston Private Financial will post 0.94 EPS for the current fiscal year.

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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Dividend History for Boston Private Financial (NASDAQ:BPFH)

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