Great West Life Assurance Co. Can grew its position in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,361 shares of the bank’s stock after acquiring an additional 9,744 shares during the quarter. Great West Life Assurance Co. Can owned 0.14% of Boston Private Financial worth $1,133,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP grew its position in Boston Private Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 152,693 shares of the bank’s stock valued at $2,084,000 after buying an additional 7,886 shares during the last quarter. Wells Fargo & Company MN grew its position in Boston Private Financial by 8.0% in the 3rd quarter. Wells Fargo & Company MN now owns 194,640 shares of the bank’s stock valued at $2,657,000 after buying an additional 14,482 shares during the last quarter. SG Americas Securities LLC grew its position in Boston Private Financial by 334.8% in the 3rd quarter. SG Americas Securities LLC now owns 69,596 shares of the bank’s stock valued at $950,000 after buying an additional 53,588 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Boston Private Financial by 24.4% in the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock valued at $21,598,000 after acquiring an additional 309,984 shares during the period. Finally, BlackRock Inc. lifted its holdings in Boston Private Financial by 2.0% in the third quarter. BlackRock Inc. now owns 12,481,082 shares of the bank’s stock valued at $170,367,000 after acquiring an additional 239,984 shares during the period. Institutional investors own 92.08% of the company’s stock.
BPFH has been the subject of several research reports. BidaskClub downgraded Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. Finally, ValuEngine downgraded shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus price target of $15.00.
Boston Private Financial (NASDAQ:BPFH) last announced its earnings results on Wednesday, April 17th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The company had revenue of $82.62 million for the quarter, compared to analyst estimates of $85.15 million. Boston Private Financial had a return on equity of 10.87% and a net margin of 18.42%. During the same period in the prior year, the company posted $0.27 EPS. Analysts predict that Boston Private Financial Hldg Inc will post 0.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.48 annualized dividend and a yield of 4.14%. Boston Private Financial’s dividend payout ratio is currently 49.48%.
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Boston Private Financial 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. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.
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