Boston Private Financial Holdings, Inc. (BPFH) Position Cut by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its stake in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,100 shares of the bank’s stock after selling 600 shares during the period. Fox Run Management L.L.C.’s holdings in Boston Private Financial Holdings were worth $186,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BPFH. Meadow Creek Investment Management LLC increased its stake in shares of Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock valued at $107,000 after buying an additional 504 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Boston Private Financial Holdings during the first quarter valued at $116,000. Glen Harbor Capital Management LLC increased its stake in shares of Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock valued at $129,000 after buying an additional 612 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock valued at $142,000 after buying an additional 1,531 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of Boston Private Financial Holdings during the first quarter valued at $157,000. Hedge funds and other institutional investors own 91.18% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ BPFH) traded up 0.70% on Friday, hitting $14.40. The stock had a trading volume of 287,223 shares. The stock has a 50 day moving average of $15.18 and a 200 day moving average of $15.79. Boston Private Financial Holdings, Inc. has a 12-month low of $12.30 and a 12-month high of $17.88. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 16.96 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%. The business had revenue of $94.37 million for the quarter, compared to analyst estimates of $95.70 million. Equities analysts predict that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is currently 51.16%.

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Several research analysts have commented on the company. BidaskClub downgraded Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, August 11th. ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, July 4th. Finally, BMO Capital Markets restated a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Boston Private Financial Holdings has a consensus rating of “Hold” and an average target price 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.

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

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