UBS Group AG lowered its position in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 58.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,674 shares of the bank’s stock after selling 13,518 shares during the period. UBS Group AG’s holdings in Boston Private Financial Holdings were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BPFH. FMR LLC raised its stake in shares of Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after buying an additional 1,422,619 shares in the last quarter. Norges Bank bought a new stake in shares of Boston Private Financial Holdings during the fourth quarter valued at approximately $15,059,000. Vanguard Group Inc. raised its stake in shares of Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock valued at $124,500,000 after buying an additional 446,786 shares in the last quarter. 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 valued at $22,882,000 after buying an additional 319,910 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Boston Private Financial Holdings by 9.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,418,710 shares of the bank’s stock valued at $56,067,000 after buying an additional 288,819 shares in the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) traded down 0.498% during mid-day trading on Thursday, reaching $14.975. 17,130 shares of the company’s stock traded hands. Boston Private Financial Holdings, Inc. has a 12-month low of $11.77 and a 12-month high of $17.88. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 17.638 and a beta of 1.06. The firm’s 50 day moving average price is $15.29 and its 200-day moving average price is $15.89.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Equities research analysts forecast that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio (DPR) is presently 51.16%.

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Several analysts have commented on BPFH shares. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Boston Private Financial Holdings in a research report on Friday, April 28th. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus 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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