Bank of Montreal Can cut its stake in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 24.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,084 shares of the bank’s stock after selling 56,703 shares during the period. Bank of Montreal Can’s holdings in Boston Private Financial Holdings were worth $2,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its position in Boston Private Financial Holdings by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock valued at $2,932,000 after buying an additional 41,796 shares during the last quarter. Karp Capital Management Corp purchased a new position in Boston Private Financial Holdings during the first quarter valued at $646,000. Meadow Creek Investment Management LLC increased its position in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock valued at $107,000 after buying an additional 504 shares during the last quarter. Comerica Bank increased its position in Boston Private Financial Holdings by 5.0% in the first quarter. Comerica Bank now owns 92,873 shares of the bank’s stock valued at $1,486,000 after buying an additional 4,401 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Boston Private Financial Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock valued at $22,801,000 after buying an additional 14,659 shares during the last quarter. 91.17% of the stock is owned by hedge funds and other institutional investors.

Boston Private Financial Holdings, Inc. (BPFH) traded down 1.99% during midday trading on Thursday, hitting $14.75. The stock had a trading volume of 68,196 shares. The firm has a 50 day moving average price of $15.29 and a 200 day moving average price of $15.89. Boston Private Financial Holdings, Inc. has a one year low of $11.77 and a one year high of $17.88. The stock has a market cap of $1.24 billion, a PE ratio of 17.37 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The firm had revenue of $94.37 million during the quarter, compared to analysts’ expectations of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Equities analysts expect that Boston Private Financial Holdings, Inc. will post $0.90 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is 51.16%.

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Several equities analysts recently weighed in on the company. Zacks Investment Research raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a report on Friday, April 28th. Finally, ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.60.

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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