Shell Asset Management Co. held its stake in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,787 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Boston Private Financial Holdings were worth $933,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Boston Private Financial Holdings during the fourth quarter worth $15,059,000. Teachers Advisors LLC boosted its stake in shares of Boston Private Financial Holdings by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 143,261 shares of the bank’s stock worth $2,371,000 after buying an additional 1,041 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Boston Private Financial Holdings during the first quarter worth $208,000. Louisiana State Employees Retirement System boosted its stake in shares of Boston Private Financial Holdings by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the bank’s stock worth $561,000 after buying an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Boston Private Financial Holdings by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 15,810 shares of the bank’s stock worth $258,000 after buying an additional 230 shares in the last quarter. Institutional investors own 91.17% of the company’s stock.

Boston Private Financial Holdings, Inc. (NASDAQ BPFH) opened at 15.05 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 17.77 and a beta of 1.06. The stock has a 50 day moving average price of $15.29 and a 200-day moving average price of $15.90. Boston Private Financial Holdings, Inc. has a 12-month low of $11.77 and a 12-month high of $17.88.

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

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

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A number of equities research analysts have weighed in on BPFH shares. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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