Boston Private Financial Hldg Inc (NASDAQ:BPFH) to Issue Quarterly Dividend of $0.12

Boston Private Financial Hldg Inc (NASDAQ:BPFH) announced a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Shareholders of record on Friday, August 9th will be given a dividend of 0.12 per share by the bank on Friday, August 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Thursday, August 8th.

Boston Private Financial has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Boston Private Financial has a payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boston Private Financial to earn $1.01 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 47.5%.

Shares of NASDAQ:BPFH traded up $0.34 during trading on Friday, hitting $10.70. 692,900 shares of the stock were exchanged, compared to its average volume of 590,077. Boston Private Financial has a 1-year low of $9.77 and a 1-year high of $14.60. The company has a market capitalization of $881.81 million, a price-to-earnings ratio of 11.03 and a beta of 1.06. The company’s fifty day simple moving average is $11.36 and its 200-day simple moving average is $11.34. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.07 and a current ratio of 1.07.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Boston Private Financial had a return on equity of 10.68% and a net margin of 21.54%. The firm had revenue of $81.84 million for the quarter, compared to analyst estimates of $85.25 million. During the same period in the previous year, the business posted $0.21 EPS. On average, research analysts forecast that Boston Private Financial will post 1 earnings per share for the current fiscal year.

BPFH has been the topic of several recent research reports. Zacks Investment Research lowered Boston Private Financial from a “buy” rating to a “hold” rating in a report on Monday, July 29th. ValuEngine lowered Boston Private Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th. TheStreet upgraded Boston Private Financial from a “c+” rating to a “b-” rating in a research report on Friday, July 12th. Finally, BidaskClub upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Thursday.

About Boston Private Financial

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.

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Dividend History for Boston Private Financial (NASDAQ:BPFH)

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