American Century Companies Inc. raised its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 30.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,260 shares of the bank’s stock after buying an additional 286,539 shares during the period. American Century Companies Inc. owned about 1.45% of Boston Private Financial Holdings worth $18,746,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Meadow Creek Investment Management LLC raised its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock worth $107,000 after buying an additional 504 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Boston Private Financial Holdings during the first quarter worth $116,000. Glen Harbor Capital Management LLC raised its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock worth $129,000 after buying an additional 612 shares during the last quarter. SG Americas Securities LLC raised its stake in Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after buying an additional 1,531 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Boston Private Financial Holdings during the first quarter worth $157,000. 90.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boston Private Financial Holdings, Inc. (BPFH) opened at 14.85 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.49 and a beta of 1.07. The firm’s 50-day moving average is $14.97 and its 200-day moving average is $15.66. Boston Private Financial Holdings, Inc. has a 12-month low of $12.41 and a 12-month high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. On average, equities analysts predict that Boston Private Financial Holdings, Inc. will post $0.90 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Monday, August 7th. Boston Private Financial Holdings’s payout ratio is currently 51.16%.

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A number of research firms have weighed in on BPFH. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target 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.

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

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