Ameritas Investment Partners Inc. Has $109,000 Holdings in Boston Private Financial Holdings, Inc. (BPFH)

Ameritas Investment Partners Inc. held its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,071 shares of the bank’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Boston Private Financial Holdings were worth $109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Boston Private Financial Holdings by 21.5% during the 1st quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock valued at $142,000 after acquiring an additional 1,531 shares during the period. Amalgamated Bank boosted its holdings in Boston Private Financial Holdings by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after acquiring an additional 290 shares during the period. Nordea Investment Management AB boosted its holdings in Boston Private Financial Holdings by 32.3% during the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after acquiring an additional 3,100 shares during the period. Washington Trust Bank purchased a new position in Boston Private Financial Holdings during the 2nd quarter valued at $259,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Boston Private Financial Holdings during the 2nd quarter valued at $261,000. Institutional investors own 89.99% of the company’s stock.

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Several equities research analysts have weighed in on BPFH shares. Zacks Investment Research cut Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th. ValuEngine cut Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.00.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at $14.90 on Friday. Boston Private Financial Holdings, Inc. has a 1-year low of $13.60 and a 1-year high of $17.88. The firm has a market capitalization of $1,272.03, a price-to-earnings ratio of 17.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $96.89 million for the quarter, compared to analysts’ expectations of $98.00 million. Boston Private Financial Holdings had a return on equity of 10.03% and a net margin of 18.44%. sell-side analysts predict that Boston Private Financial Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, November 2nd. Boston Private Financial Holdings’s dividend payout ratio (DPR) is currently 51.16%.

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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