Boston Private Financial Hldg Inc (BPFH) Position Raised by Teachers Advisors LLC

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.

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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.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, January 17th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. The company had revenue of $96.45 million for the quarter, compared to analyst estimates of $100.07 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. analysts forecast that Boston Private Financial Hldg Inc will post 0.94 earnings per share for the current year.

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

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