Boston Private Financial Hldg Inc Declares $0.09 Quarterly Dividend (BPFH)

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Boston Private Financial Hldg (NASDAQ:BPFH) announced a quarterly dividend on Wednesday, October 21st, Marketbeat.com reports. Investors of record on Friday, November 6th will be paid a dividend of 0.09 per share on Friday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 3.08%.

In other Boston Private Financial Hldg news, CEO Clayton Deutsch sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $11.80, for a total value of $354,000.00. Following the completion of the transaction, the chief executive officer now owns 807,046 shares of the company’s stock, valued at approximately $9,523,142.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Martha Higgins sold 3,437 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $13.00, for a total value of $44,681.00. The disclosure for this sale can be found here.

BPFH has been the subject of several recent research reports. Panmure Gordon reiterated a “buy” rating and issued a $22.00 price objective on shares of Boston Private Financial Hldg in a research report on Sunday, September 20th. RBC Capital dropped their price target on Boston Private Financial Hldg from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, September 11th. Keefe, Bruyette Woods reiterated a “hold” rating and set a $13.00 price objective (up previously from $12.00) on shares of Boston Private Financial Hldg in a research report on Saturday, July 18th. Zacks raised Boston Private Financial Hldg from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 7th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $14.00 price objective (up from $13.00) on shares of Boston Private Financial Hldg in a research note on Friday, June 26th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Boston Private Financial Hldg has a consensus rating of “Hold” and an average price target of $14.19.

Boston Private Financial Hldg (NASDAQ:BPFH) traded down 2.59% during trading on Wednesday, reaching $11.68. The company had a trading volume of 397,446 shares. The company has a market capitalization of $976.14 million and a P/E ratio of 15.39. The stock has a 50 day moving average of $11.77 and a 200-day moving average of $12.50. Boston Private Financial Hldg has a 12 month low of $10.55 and a 12 month high of $13.82.

Boston Private Financial Hldg (NASDAQ:BPFH) last announced its earnings results on Wednesday, October 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm earned $85.90 million during the quarter, compared to the consensus estimate of $47.46 million. Equities research analysts expect that Boston Private Financial Hldg will post $0.81 EPS for the current fiscal year.

Boston Private Financial Holdings, Inc. is the bank holding company of Boston Private Bank Trust Company. It’s a wealth management business that offers a range of wealth management services to high net-worth individuals, families, businesses, and associations that are select. The Organization conducts its business through its four sections: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory. The Private Banking section is engaged in providing private banking services to private ventures, high net-worth individuals, independently owned companies, and nonprofit organizations. Trust section and the Wealth Management provides wealth management solutions for high net-worth individuals and families. The Investment Managers specialize in equity portfolios with products over the capitalization spectrum. The Wealth Advisory segment provides planning-based fiscal strategies to high net-worth individuals as well as their loved ones and non profit institutions.

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Wednesday, October 21st, 2015 EN

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