BPFH has been the subject of several other reports. BidaskClub upgraded shares of Boston Private Financial from a sell rating to a hold rating in a research report on Thursday, August 15th. TheStreet upgraded shares of Boston Private Financial from a c+ rating to a b- rating in a research report on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of Boston Private Financial from a buy rating to a hold rating in a research report on Monday, July 29th.
NASDAQ BPFH opened at $10.73 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44. Boston Private Financial has a 1-year low of $9.77 and a 1-year high of $14.60. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.32. The company has a market cap of $896.08 million, a price-to-earnings ratio of 11.06 and a beta of 1.06.
Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. The firm had revenue of $81.84 million for the quarter, compared to analyst estimates of $85.25 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Boston Private Financial will post 0.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.48 annualized dividend and a yield of 4.47%. Boston Private Financial’s dividend payout ratio is currently 49.48%.
A number of institutional investors and hedge funds have recently made changes to their positions in BPFH. Teton Advisors Inc. acquired a new position in Boston Private Financial during the first quarter valued at approximately $110,000. LSV Asset Management acquired a new position in shares of Boston Private Financial during the first quarter worth $139,000. Strs Ohio acquired a new position in shares of Boston Private Financial during the first quarter worth $140,000. Allianz Asset Management GmbH acquired a new position in shares of Boston Private Financial during the second quarter worth $142,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Boston Private Financial during the second quarter worth $150,000. Institutional investors and hedge funds own 93.29% of the company’s stock.
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. 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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