Louisiana State Employees Retirement System boosted its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,300 shares of the bank’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Boston Private Financial Holdings were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BPFH. BlackRock Inc. increased its position in shares of Boston Private Financial Holdings by 48,173.3% in the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock worth $168,083,000 after buying an additional 10,227,683 shares in the last quarter. FMR LLC increased 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 worth $124,044,000 after buying an additional 1,422,619 shares in the last quarter. Norges Bank purchased a new position in shares of Boston Private Financial Holdings during the fourth quarter worth approximately $15,059,000. Vanguard Group Inc. increased its position in shares of Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock worth $124,500,000 after buying an additional 446,786 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) traded down 1.190% during midday trading on Friday, hitting $14.525. The stock had a trading volume of 104,716 shares. The stock has a market cap of $1.22 billion, a PE ratio of 17.108 and a beta of 1.06. Boston Private Financial Holdings, Inc. has a one year low of $11.77 and a one year high of $17.88. The firm has a 50 day moving average price of $15.28 and a 200 day moving average price of $15.88.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Wednesday, August 9th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, August 7th. This represents a $0.44 dividend on an annualized basis and a yield of 2.99%. Boston Private Financial Holdings’s dividend payout ratio is presently 51.16%.

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BPFH has been the topic of a number of research analyst reports. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets restated a “hold” rating and set a $16.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. Finally, ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. 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 has a consensus rating of “Hold” and a consensus price target of $15.60.

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.

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

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