Ameriprise Financial Inc. decreased its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,057,764 shares of the bank’s stock after selling 122,502 shares during the quarter. Ameriprise Financial Inc. owned 1.26% of Boston Private Financial worth $17,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Boston Private Financial by 2.6% in the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after purchasing an additional 290 shares during the period. Nordea Investment Management AB raised its stake in shares of Boston Private Financial by 32.3% in the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after purchasing an additional 3,100 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Boston Private Financial in the 3rd quarter valued at about $234,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boston Private Financial in the 2nd quarter valued at about $261,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Boston Private Financial in the 2nd quarter valued at about $279,000. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on BPFH. BidaskClub downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $16.20.

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at $15.90 on Wednesday. The firm has a market capitalization of $1,331.00, a PE ratio of 18.16 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. Boston Private Financial Holdings, Inc. has a 1-year low of $13.95 and a 1-year high of $17.88.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%. sell-side analysts expect that Boston Private Financial Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, November 2nd. Boston Private Financial’s payout ratio is 51.16%.

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About Boston Private Financial

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 (NASDAQ:BPFH)

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