Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) released its quarterly earnings data on Wednesday. The bank reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05, Bloomberg Earnings reports. The business had revenue of $94.37 million for the quarter, compared to the consensus estimate of $95.70 million. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) traded up 1.66% during midday trading on Thursday, hitting $15.35. 126,332 shares of the stock were exchanged. The firm’s 50 day moving average price is $15.35 and its 200-day moving average price is $15.96. The stock has a market cap of $1.29 billion, a P/E ratio of 20.17 and a beta of 1.06. Boston Private Financial Holdings has a 52-week low of $11.77 and a 52-week high of $17.88.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.91%. Boston Private Financial Holdings’s payout ratio is 56.41%.

In related news, Director Stephen M. Waters sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $15.46, for a total transaction of $139,140.00. Following the completion of the transaction, the director now directly owns 39,093 shares in the company, valued at approximately $604,377.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.07% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BPFH. Meadow Creek Investment Management LLC boosted its position in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock worth $107,000 after buying an additional 504 shares in the last quarter. Comerica Bank boosted its position in Boston Private Financial Holdings by 5.0% in the first quarter. Comerica Bank now owns 92,873 shares of the bank’s stock worth $1,486,000 after buying an additional 4,401 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Boston Private Financial Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock worth $22,801,000 after buying an additional 14,659 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Boston Private Financial Holdings by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 119,182 shares of the bank’s stock worth $1,949,000 after buying an additional 9,168 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Boston Private Financial Holdings during the first quarter worth approximately $530,000. 91.00% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, April 28th. Finally, Keefe, Bruyette & Woods set a $15.00 price objective on shares of Boston Private Financial Holdings and gave the company a “hold” rating in a report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.60.

TRADEMARK VIOLATION NOTICE: “Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Issues Quarterly Earnings Results” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/27/boston-private-financial-holdings-inc-nasdaqbpfh-issues-quarterly-earnings-results.html.

Boston Private Financial Holdings Company Profile

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.

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

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