Alliancebernstein L.P. Sells 400 Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH)

Alliancebernstein L.P. decreased its position in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,428 shares of the bank’s stock after selling 400 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Boston Private Financial Holdings worth $2,155,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Comerica Bank increased its stake in shares of Boston Private Financial Holdings by 5.1% in the fourth quarter. Comerica Bank now owns 88,472 shares of the bank’s stock worth $1,455,000 after buying an additional 4,318 shares during the period. State Street Corp increased its stake in shares of Boston Private Financial Holdings by 20.8% in the fourth quarter. State Street Corp now owns 2,407,490 shares of the bank’s stock worth $39,844,000 after buying an additional 414,390 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Boston Private Financial Holdings during the fourth quarter worth about $174,000. Two Sigma Investments LP bought a new stake in shares of Boston Private Financial Holdings during the fourth quarter worth about $327,000. Finally, AQR Capital Management LLC increased its stake in shares of Boston Private Financial Holdings by 102.6% in the fourth quarter. AQR Capital Management LLC now owns 311,539 shares of the bank’s stock worth $5,156,000 after buying an additional 157,791 shares during the period. Institutional investors and hedge funds own 90.32% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at 15.20 on Tuesday. Boston Private Financial Holdings, Inc. has a one year low of $11.77 and a one year high of $17.88. The stock has a market capitalization of $1.28 billion, a P/E ratio of 19.97 and a beta of 1.06. The stock has a 50 day moving average price of $15.16 and a 200 day moving average price of $16.09.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $90.15 million for the quarter, compared to analysts’ expectations of $93.40 million. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%. Equities analysts forecast that Boston Private Financial Holdings, Inc. will post $0.88 earnings per share for the current year.

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BPFH has been the topic of a number of recent research reports. Zacks Investment Research downgraded Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Boston Private Financial Holdings in a research report on Wednesday, March 22nd. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods set a $15.00 price objective on Boston Private Financial Holdings and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.60.

In other news, Director Stephen M. Waters sold 9,000 shares of Boston Private Financial Holdings stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $15.46, for a total transaction of $139,140.00. Following the sale, the director now owns 39,093 shares of the company’s stock, valued at approximately $604,377.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.07% of the stock is currently owned by insiders.

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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