Boston Private Financial Holdings, Inc. (BPFH) Holdings Raised by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its holdings in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 80.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,945 shares of the bank’s stock after acquiring an additional 21,001 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Boston Private Financial worth $777,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Prudential Financial Inc. increased its stake in Boston Private Financial by 17.4% during the third quarter. Prudential Financial Inc. now owns 194,549 shares of the bank’s stock worth $3,220,000 after acquiring an additional 28,810 shares during the last quarter. American Century Companies Inc. increased its stake in Boston Private Financial by 13.6% during the third quarter. American Century Companies Inc. now owns 1,387,100 shares of the bank’s stock worth $22,957,000 after acquiring an additional 165,840 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Boston Private Financial during the third quarter worth $234,000. Crossmark Global Holdings Inc. acquired a new stake in Boston Private Financial during the third quarter worth $293,000. Finally, Heartland Advisors Inc. increased its stake in Boston Private Financial by 3.7% during the third quarter. Heartland Advisors Inc. now owns 692,473 shares of the bank’s stock worth $11,460,000 after acquiring an additional 25,000 shares during the last quarter. 95.51% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. SunTrust Banks set a $17.00 price objective on Boston Private Financial and gave the company a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Tuesday, October 3rd. Finally, ValuEngine cut Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Boston Private Financial has a consensus rating of “Hold” and an average price target of $16.20.

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

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

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

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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.

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

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