Granite Investment Partners LLC grew its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,454 shares of the bank’s stock after purchasing an additional 33,915 shares during the quarter. Granite Investment Partners LLC owned approximately 0.69% of Boston Private Financial Holdings worth $9,574,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BPFH. Amalgamated Bank raised its position in shares of Boston Private Financial Holdings by 2.6% in the second 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 position in shares of Boston Private Financial Holdings by 32.3% in the second 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. bought a new position in shares of Boston Private Financial Holdings in the third quarter valued at approximately $234,000. BlueCrest Capital Management Ltd bought a new position in shares of Boston Private Financial Holdings in the second quarter valued at approximately $261,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Boston Private Financial Holdings in the second quarter valued at approximately $279,000. 90.18% of the stock is currently owned by institutional investors.

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Shares of Boston Private Financial Holdings, Inc. (NASDAQ BPFH) traded up $0.15 during mid-day trading on Tuesday, reaching $15.65. 200,900 shares of the company were exchanged, compared to its average volume of 354,294. Boston Private Financial Holdings, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $17.88. The company has a market capitalization of $1,305.73, a price-to-earnings ratio of 17.82 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, November 2nd. Boston Private Financial Holdings’s dividend payout ratio (DPR) is presently 51.16%.

BPFH has been the topic of a number of research reports. SunTrust Banks, Inc. set a $17.00 target price on shares of Boston Private Financial Holdings and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.20.

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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