Boston Private Financial Holdings, Inc. (BPFH) Declares $0.11 Quarterly Dividend

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) announced a quarterly dividend on Wednesday, October 18th, RTT News reports. Stockholders of record on Friday, November 3rd will be paid a dividend of 0.11 per share by the bank on Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 2.67%.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) traded up 1.23% during midday trading on Wednesday, hitting $16.50. The stock had a trading volume of 423,686 shares. The firm has a 50 day moving average price of $15.58 and a 200-day moving average price of $15.42. The stock has a market cap of $1.39 billion, a PE ratio of 19.43 and a beta of 1.09. Boston Private Financial Holdings has a 52-week low of $12.45 and a 52-week high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The business had revenue of $94.37 million for the quarter, compared to analyst estimates of $95.70 million. Equities analysts predict that Boston Private Financial Holdings will post $0.90 EPS for the current fiscal year.

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A number of research analysts have weighed in on BPFH shares. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Thursday, October 5th. ValuEngine lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Boston Private Financial Holdings presently has a consensus rating of “Hold” and an average price target of $16.00.

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

Shares of Boston Private Financial Holdings (NASDAQ BPFH) traded up 1.23% during midday trading on Wednesday, hitting $16.50. The stock had a trading volume of 423,686 shares. The firm has a 50 day moving average price of $15.58 and a 200-day moving average price of $15.42. The stock has a market cap of $1.39 billion, a PE ratio of 19.43 and a beta of 1.09. Boston Private Financial Holdings has a 52-week low of $12.45 and a 52-week high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The business had revenue of $94.37 million for the quarter, compared to analyst estimates of $95.70 million. Equities analysts predict that Boston Private Financial Holdings will post $0.90 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/boston-private-financial-holdings-inc-bpfh-declares-0-11-quarterly-dividend.html.

A number of research analysts have weighed in on BPFH shares. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Thursday, October 5th. ValuEngine lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Boston Private Financial Holdings presently has a consensus rating of “Hold” and an average price target of $16.00.

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.

Dividend History for Boston Private Financial Holdings (NASDAQ:BPFH)

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