California Public Employees Retirement System raised its holdings in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,814 shares of the bank’s stock after purchasing an additional 31,285 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of Boston Private Financial worth $4,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Boston Private Financial during the second quarter valued at about $170,000. CIBC World Markets Inc. purchased a new stake in Boston Private Financial during the first quarter valued at about $238,000. SG Americas Securities LLC purchased a new stake in Boston Private Financial during the second quarter valued at about $255,000. Citigroup Inc. lifted its holdings in Boston Private Financial by 633.7% during the first quarter. Citigroup Inc. now owns 16,706 shares of the bank’s stock valued at $252,000 after purchasing an additional 14,429 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock worth $275,000 after buying an additional 17,205 shares in the last quarter. 92.48% of the stock is currently owned by institutional investors and hedge funds.

In other Boston Private Financial news, Director Stephen M. Waters sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $14.40, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 24,093 shares in the company, valued at $346,939.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George G. Schwartz sold 6,205 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $14.20, for a total transaction of $88,111.00. Following the transaction, the insider now owns 152,557 shares in the company, valued at $2,166,309.40. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

BPFH stock opened at $13.73 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.12 billion, a P/E ratio of 15.60 and a beta of 0.90. Boston Private Financial Hldg Inc has a 1-year low of $12.73 and a 1-year high of $17.85.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $91.96 million for the quarter, compared to analysts’ expectations of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, sell-side analysts predict that Boston Private Financial Hldg Inc will post 0.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, November 1st. Boston Private Financial’s dividend payout ratio (DPR) is 54.55%.

BPFH has been the topic of a number of recent analyst reports. BidaskClub raised shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. BMO Capital Markets lowered their price target on shares of Boston Private Financial from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, July 24th. TheStreet downgraded shares of Boston Private Financial from a “b-” rating to a “c+” rating in a report on Thursday, August 9th. Finally, ValuEngine downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Boston Private Financial currently has a consensus rating of “Hold” and a consensus price target of $16.00.

About Boston Private Financial

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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