Royce & Associates LP boosted its holdings in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 962,806 shares of the bank’s stock after purchasing an additional 105,316 shares during the quarter. Royce & Associates LP owned 1.14% of Boston Private Financial worth $15,934,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Boston Private Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock worth $118,863,000 after purchasing an additional 152,086 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Boston Private Financial by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock worth $87,964,000 after purchasing an additional 27,894 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Boston Private Financial by 3.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 3,533,210 shares of the bank’s stock valued at $54,235,000 after buying an additional 114,500 shares during the period. Macquarie Group Ltd. increased its holdings in Boston Private Financial by 16.0% in the 3rd quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after buying an additional 454,411 shares during the period. Finally, State Street Corp increased its holdings in Boston Private Financial by 8.0% in the 2nd quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after buying an additional 216,580 shares during the period. Institutional investors and hedge funds own 95.51% of the company’s stock.

BPFH has been the topic of several recent analyst reports. BidaskClub lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine lowered shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a report on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $16.20.

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at $15.60 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. Boston Private Financial Holdings, Inc. has a 1-year low of $13.95 and a 1-year high of $17.88. The company has a market cap of $1,331.00, a PE ratio of 18.16 and a beta of 1.06.

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

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, November 2nd. Boston Private Financial’s dividend payout ratio (DPR) is presently 51.16%.

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About Boston Private Financial

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 (NASDAQ:BPFH)

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