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

Boston Private Financial Hldg Inc (NASDAQ:BPFH) declared a quarterly dividend on Wednesday, January 22nd, Zacks reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.12 per share by the bank on Friday, February 21st. This represents a $0.48 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, February 6th.

Boston Private Financial has increased its dividend by an average of 2.9% annually over the last three years and has increased its dividend every year for the last 6 years. Boston Private Financial has a payout ratio of 52.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Boston Private Financial to earn $1.04 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 46.2%.

BPFH stock traded down $0.04 during midday trading on Friday, reaching $11.96. The company had a trading volume of 19,956 shares, compared to its average volume of 345,471. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02. Boston Private Financial has a 1 year low of $9.77 and a 1 year high of $13.08. The company has a market capitalization of $1.03 billion, a P/E ratio of 12.33 and a beta of 1.14. The firm has a 50-day moving average price of $11.96 and a 200-day moving average price of $11.49.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Boston Private Financial had a net margin of 19.66% and a return on equity of 10.18%. The business had revenue of $82.92 million during the quarter, compared to analysts’ expectations of $81.60 million. During the same quarter in the previous year, the company earned $0.26 EPS. On average, equities analysts predict that Boston Private Financial will post 0.95 EPS for the current year.

A number of equities analysts have commented on BPFH shares. ValuEngine cut shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, BidaskClub raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 13th.

In other news, EVP W. Timothy Macdonald sold 20,546 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $11.25, for a total value of $231,142.50. Following the completion of the sale, the executive vice president now owns 113,851 shares of the company’s stock, valued at approximately $1,280,823.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.87% of the stock is owned by insiders.

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.

Further Reading: What is a portfolio manager?

Dividend History for Boston Private Financial (NASDAQ:BPFH)

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.