CIBC World Markets Inc. lowered its holdings in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 34.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,719 shares of the bank’s stock after selling 29,319 shares during the period. CIBC World Markets Inc. owned about 0.07% of Boston Private Financial Holdings worth $855,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Boston Private Financial Holdings by 0.6% during the second quarter. Principal Financial Group Inc. now owns 655,359 shares of the bank’s stock valued at $10,060,000 after acquiring an additional 3,939 shares during the last quarter. Royce & Associates LP raised its stake in shares of Boston Private Financial Holdings by 1.4% during the second quarter. Royce & Associates LP now owns 857,490 shares of the bank’s stock valued at $13,162,000 after acquiring an additional 12,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Boston Private Financial Holdings by 30.7% during the second quarter. American Century Companies Inc. now owns 1,221,260 shares of the bank’s stock valued at $18,746,000 after acquiring an additional 286,539 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Boston Private Financial Holdings by 28.4% during the second quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock valued at $18,212,000 after acquiring an additional 262,435 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Boston Private Financial Holdings by 52.4% during the second quarter. BNP Paribas Arbitrage SA now owns 25,944 shares of the bank’s stock valued at $398,000 after acquiring an additional 8,915 shares during the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at 15.05 on Friday. The stock’s 50 day moving average is $14.80 and its 200 day moving average is $15.50. The firm has a market capitalization of $1.27 billion, a PE ratio of 17.73 and a beta of 1.07. Boston Private Financial Holdings, Inc. has a 52-week low of $12.42 and a 52-week high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The company had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million. On average, equities research analysts forecast that Boston Private Financial Holdings, Inc. will post $0.90 EPS for the current year.

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

Several research firms have recently issued reports on BPFH. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $15.60.

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Boston Private Financial Holdings 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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