New York State Teachers Retirement System Trims Stock Position in Boston Private Financial Hldg Inc (NASDAQ:BPFH)

New York State Teachers Retirement System lowered its holdings in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,007 shares of the bank’s stock after selling 7,645 shares during the quarter. New York State Teachers Retirement System owned approximately 0.29% of Boston Private Financial worth $2,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its position in shares of Boston Private Financial by 2.5% during the 1st quarter. Boston Partners now owns 1,671,335 shares of the bank’s stock valued at $18,317,000 after purchasing an additional 40,858 shares during the last quarter. Norges Bank purchased a new stake in shares of Boston Private Financial during the 4th quarter valued at about $10,546,000. Geode Capital Management LLC increased its position in shares of Boston Private Financial by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 963,909 shares of the bank’s stock valued at $10,188,000 after purchasing an additional 54,649 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Boston Private Financial by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 697,505 shares of the bank’s stock valued at $7,373,000 after purchasing an additional 14,692 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Boston Private Financial by 3.8% during the 4th quarter. Bank of America Corp DE now owns 246,842 shares of the bank’s stock valued at $2,608,000 after acquiring an additional 9,112 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BPFH traded down $0.41 during mid-day trading on Monday, reaching $10.23. 101,206 shares of the company traded hands, compared to its average volume of 476,938. The stock’s 50 day simple moving average is $11.59. The company has a market capitalization of $891.39 million, a price-to-earnings ratio of 10.55 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44. Boston Private Financial Hldg Inc has a 52 week low of $10.00 and a 52 week high of $14.85.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. The company had revenue of $81.84 million for the quarter, compared to the consensus estimate of $85.25 million. During the same quarter last year, the firm posted $0.21 earnings per share. On average, analysts forecast that Boston Private Financial Hldg Inc will post 1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a $0.12 dividend. The ex-dividend date is Thursday, August 8th. This represents a $0.48 annualized dividend and a yield of 4.69%. Boston Private Financial’s payout ratio is 49.48%.

A number of brokerages recently issued reports on BPFH. ValuEngine downgraded Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. TheStreet upgraded Boston Private Financial from a “c+” rating to a “b-” rating in a research note on Friday, July 12th. Finally, BidaskClub upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 17th.

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

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