BNP Paribas Arbitrage SA Grows Position in Boston Private Financial Holdings, Inc. (BPFH)

BNP Paribas Arbitrage SA increased its holdings in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 52.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,944 shares of the bank’s stock after purchasing an additional 8,915 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Boston Private Financial Holdings were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BPFH. Teachers Advisors LLC raised its holdings in shares of Boston Private Financial Holdings by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 143,261 shares of the bank’s stock worth $2,371,000 after purchasing an additional 1,041 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Boston Private Financial Holdings by 8.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock worth $129,000 after purchasing an additional 612 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Boston Private Financial Holdings in the 1st quarter worth approximately $530,000. Great West Life Assurance Co. Can raised its holdings in shares of Boston Private Financial Holdings by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 119,182 shares of the bank’s stock worth $1,949,000 after purchasing an additional 9,168 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Boston Private Financial Holdings by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock worth $22,801,000 after purchasing an additional 14,659 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (BPFH) opened at 15.05 on Friday. The stock’s 50 day moving average is $14.80 and its 200-day moving average is $15.50. Boston Private Financial Holdings, Inc. has a 12-month low of $12.42 and a 12-month high of $17.88. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 17.73 and a beta of 1.07.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 9th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.92%. The ex-dividend date was Monday, August 7th. Boston Private Financial Holdings’s payout ratio is 51.16%.

A number of research firms recently commented on BPFH. ValuEngine downgraded shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th. Finally, 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. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $15.60.

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About Boston Private Financial Holdings

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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