Legal & General Group Plc Increases Position in Boston Private Financial Holdings, Inc. (BPFH)

Legal & General Group Plc raised its stake in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,552 shares of the bank’s stock after buying an additional 1,644 shares during the period. Legal & General Group Plc owned 0.18% of Boston Private Financial Holdings worth $2,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after buying an additional 1,422,619 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Boston Private Financial Holdings by 9.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,418,710 shares of the bank’s stock valued at $56,067,000 after buying an additional 288,819 shares during the last quarter. State Street Corp boosted its position in Boston Private Financial Holdings by 20.8% in the fourth quarter. State Street Corp now owns 2,407,490 shares of the bank’s stock worth $39,844,000 after buying an additional 414,390 shares during the last quarter. William Blair Investment Management LLC boosted its position in Boston Private Financial Holdings by 29.7% in the first quarter. William Blair Investment Management LLC now owns 1,395,254 shares of the bank’s stock worth $22,882,000 after buying an additional 319,910 shares during the last quarter. Finally, 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 during the last quarter. 91.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) traded up 0.33% on Tuesday, reaching $15.25. The company had a trading volume of 255,955 shares. The company has a 50 day moving average of $15.32 and a 200-day moving average of $15.91. Boston Private Financial Holdings, Inc. has a 52 week low of $11.77 and a 52 week high of $17.88. The company has a market capitalization of $1.28 billion, a P/E ratio of 18.00 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The business had revenue of $94.37 million for the quarter, compared to analyst estimates of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Analysts predict that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.44 annualized dividend and a yield of 2.89%. Boston Private Financial Holdings’s dividend payout ratio (DPR) is 51.16%.

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Several analysts recently issued reports on the company. Keefe, Bruyette & Woods set a $15.00 target price on Boston Private Financial Holdings and gave the company a “hold” rating in a research note on Monday, April 10th. Zacks Investment Research raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a research report on Friday, April 28th. Finally, ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.60.

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.

Institutional Ownership by Quarter for Boston Private Financial Holdings (NASDAQ:BPFH)

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