Boston Private Financial Holdings, Inc. (BPFH) Holdings Boosted by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan grew its holdings in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 59.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,570 shares of the bank’s stock after purchasing an additional 11,770 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Boston Private Financial were worth $522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in Boston Private Financial by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after purchasing an additional 290 shares during the period. Nordea Investment Management AB increased its position in Boston Private Financial by 32.3% during the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock worth $195,000 after purchasing an additional 3,100 shares during the period. Everence Capital Management Inc. acquired a new position in Boston Private Financial during the 3rd quarter worth approximately $234,000. BlueCrest Capital Management Ltd acquired a new position in Boston Private Financial during the 2nd quarter worth approximately $261,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Boston Private Financial during the 2nd quarter worth approximately $279,000. Institutional investors own 95.51% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (BPFH) opened at $16.50 on Tuesday. The company has a market capitalization of $1,394.18, a P/E ratio of 19.02 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. Boston Private Financial Holdings, Inc. has a 52 week low of $13.95 and a 52 week high of $17.88.

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

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, November 2nd. Boston Private Financial’s dividend payout ratio (DPR) is 51.16%.

Several equities research analysts have recently commented on the company. Jefferies Group reissued a “hold” rating and set a $17.00 price target on shares of Boston Private Financial in a research note on Friday, August 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price target on shares of Boston Private Financial in a research note on Tuesday, October 3rd. ValuEngine lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the stock a “hold” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Boston Private Financial has an average rating of “Hold” and an average target price of $16.20.

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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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