Royce & Associates LP raised its position in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 857,490 shares of the bank’s stock after buying an additional 12,000 shares during the period. Royce & Associates LP owned about 1.02% of Boston Private Financial Holdings worth $13,162,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. William Blair Investment Management LLC raised its stake in shares of Boston Private Financial Holdings by 29.7% in the first quarter. William Blair Investment Management LLC now owns 1,395,254 shares of the bank’s stock worth $22,882,000 after buying an additional 319,910 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $22,801,000 after buying an additional 14,659 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Boston Private Financial Holdings by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock worth $8,035,000 after buying an additional 29,297 shares in the last quarter. Washington Trust Bank acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $259,000. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Boston Private Financial Holdings by 111.4% in the first quarter. Virginia Retirement Systems ET AL now owns 52,000 shares of the bank’s stock worth $853,000 after buying an additional 27,400 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors.

Shares of Boston Private Financial Holdings, Inc. (BPFH) opened at 14.70 on Friday. The firm has a 50-day moving average price of $14.99 and a 200-day moving average price of $15.68. Boston Private Financial Holdings, Inc. has a one year low of $12.39 and a one year high of $17.88. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 17.31 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping the 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 firm had revenue of $94.37 million during the quarter, compared to analysts’ expectations of $95.70 million. Analysts anticipate that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio (DPR) is 51.16%.

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A number of equities research analysts have weighed in on BPFH shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, August 11th. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, ValuEngine raised 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 assigned a buy rating to the stock. Boston Private Financial Holdings presently has an average rating of “Hold” and an average price target of $15.60.

About Boston Private Financial Holdings

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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