Cramer Rosenthal Mcglynn LLC boosted its stake in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,390,850 shares of the bank’s stock after purchasing an additional 18,865 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 1.65% of Boston Private Financial worth $23,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BPFH. Macquarie Group Ltd. increased its holdings in Boston Private Financial by 16.0% in the 3rd quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after purchasing an additional 454,411 shares in the last quarter. American Century Companies Inc. increased its holdings in Boston Private Financial by 30.7% in the 2nd quarter. American Century Companies Inc. now owns 1,221,260 shares of the bank’s stock valued at $18,746,000 after purchasing an additional 286,539 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Boston Private Financial by 28.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock valued at $18,212,000 after purchasing an additional 262,435 shares in the last quarter. State Street Corp increased its holdings in Boston Private Financial by 8.0% in the 2nd quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after purchasing an additional 216,580 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Boston Private Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after purchasing an additional 152,086 shares in the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) opened at $16.50 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $1,394.18, a PE ratio of 19.02 and a beta of 1.06. 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 earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $96.89 million for the quarter, compared to analyst estimates of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%. sell-side analysts predict that Boston Private Financial Holdings, Inc. will post 0.89 EPS for the current fiscal year.

The firm also recently announced 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. The ex-dividend date was Thursday, November 2nd. This represents a $0.44 annualized dividend and a dividend yield of 2.67%. Boston Private Financial’s dividend payout ratio is presently 51.16%.

BPFH has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial in a report on Friday, August 11th. BidaskClub downgraded Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. ValuEngine downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research downgraded Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 target price on shares of Boston Private Financial in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus 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.

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

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