California State Teachers Retirement System cut its holdings in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,718 shares of the bank’s stock after selling 13,577 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Boston Private Financial Holdings worth $2,267,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Boston Private Financial Holdings by 48,173.3% in the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after purchasing an additional 10,227,683 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Boston Private Financial Holdings by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after purchasing an additional 152,086 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Boston Private Financial Holdings by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,287,164 shares of the bank’s stock valued at $81,159,000 after purchasing an additional 62,385 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in shares of Boston Private Financial Holdings by 3.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 3,533,210 shares of the bank’s stock valued at $54,235,000 after purchasing an additional 114,500 shares during the last quarter. Finally, State Street Corp grew its position in shares of Boston Private Financial Holdings by 8.0% in the second quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after purchasing an additional 216,580 shares during the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

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Several analysts have recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial Holdings in a research report on Tuesday, October 3rd. ValuEngine lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Boston Private Financial Holdings presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at $15.15 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1,267.82, a P/E ratio of 17.30 and a beta of 1.06. Boston Private Financial Holdings, Inc. has a one year low of $13.95 and a one year high of $17.88.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, November 2nd. Boston Private Financial Holdings’s payout ratio is 51.16%.

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.

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

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