Teachers Advisors LLC boosted its position in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,737 shares of the bank’s stock after purchasing an additional 3,835 shares during the period. Teachers Advisors LLC’s holdings in Boston Private Financial were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in BPFH. CIBC Asset Management Inc acquired a new stake in Boston Private Financial in the fourth quarter valued at about $169,000. Stone Ridge Asset Management LLC acquired a new stake in Boston Private Financial in the fourth quarter valued at about $169,000. Koch Industries Inc. acquired a new stake in Boston Private Financial in the fourth quarter valued at about $253,000. Teacher Retirement System of Texas acquired a new stake in Boston Private Financial in the fourth quarter valued at about $444,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Boston Private Financial during the 4th quarter valued at approximately $592,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.
BPFH stock opened at $15.40 on Monday. Boston Private Financial Hldg Inc has a 12-month low of $13.95 and a 12-month high of $17.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $1,297.51, a PE ratio of 18.12 and a beta of 0.96.
In other Boston Private Financial news, CEO Corey Griffin acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was acquired at an average cost of $15.19 per share, with a total value of $75,950.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Morton III sold 35,057 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $15.46, for a total transaction of $541,981.22. Following the transaction, the director now directly owns 42,512 shares of the company’s stock, valued at $657,235.52. The disclosure for this sale can be found here. Over the last three months, insiders have bought 33,255 shares of company stock valued at $507,486. Corporate insiders own 2.11% of the company’s stock.
BPFH has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.50 price target on shares of Boston Private Financial in a research report on Friday, December 22nd. Sandler O’Neill set a $17.00 price target on shares of Boston Private Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. BidaskClub downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.50.
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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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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