William Blair Investment Management LLC lessened its position in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,162,181 shares of the bank’s stock after selling 88,083 shares during the period. William Blair Investment Management LLC owned 1.38% of Boston Private Financial worth $15,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BPFH. Bank of Montreal Can acquired a new stake in shares of Boston Private Financial in the second quarter valued at about $170,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Boston Private Financial in the third quarter valued at about $232,000. SG Americas Securities LLC acquired a new stake in shares of Boston Private Financial in the second quarter valued at about $255,000. UBS Group AG increased its stake in shares of Boston Private Financial by 63.6% in the first quarter. UBS Group AG now owns 17,982 shares of the bank’s stock valued at $271,000 after buying an additional 6,989 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after buying an additional 17,205 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

In related news, CEO David J. Kaye sold 27,498 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $13.05, for a total transaction of $358,848.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Dechellis bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $12.65 per share, with a total value of $253,000.00. Following the purchase, the chief executive officer now directly owns 141,879 shares of the company’s stock, valued at $1,794,769.35. The disclosure for this purchase can be found here. Company insiders own 2.11% of the company’s stock.

Several equities research analysts have recently weighed in on BPFH shares. ValuEngine raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. BidaskClub raised Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, TheStreet cut Boston Private Financial from a “b-” rating to a “c+” rating in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.75.

NASDAQ BPFH opened at $11.95 on Wednesday. Boston Private Financial Hldg Inc has a one year low of $11.89 and a one year high of $17.85. The company has a market cap of $1.07 billion, a P/E ratio of 13.58 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, October 17th. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. The business had revenue of $91.96 million during the quarter, compared to analysts’ expectations of $92.03 million. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, research analysts predict that Boston Private Financial Hldg Inc will post 0.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.48 annualized dividend and a yield of 4.02%. Boston Private Financial’s dividend payout ratio is currently 54.55%.

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Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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Institutional Ownership by Quarter for Boston Private Financial (NASDAQ:BPFH)

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