BlackRock Inc. Purchases 1,080 Shares of Boston Private Financial Holdings, Inc. (BPFH)

BlackRock Inc. boosted its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 0.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,249,994 shares of the bank’s stock after acquiring an additional 1,080 shares during the period. BlackRock Inc. owned 12.20% of Boston Private Financial Holdings worth $157,337,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock worth $124,500,000 after acquiring an additional 446,786 shares in the last quarter. FMR LLC boosted its holdings in Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock worth $124,044,000 after acquiring an additional 1,422,619 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in Boston Private Financial Holdings by 3.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 3,533,210 shares of the bank’s stock worth $54,235,000 after acquiring an additional 114,500 shares in the last quarter. State Street Corp boosted its holdings in Boston Private Financial Holdings by 12.1% in the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock worth $44,269,000 after acquiring an additional 291,949 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Boston Private Financial Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock worth $22,801,000 after acquiring an additional 14,659 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

Boston Private Financial Holdings, Inc. (BPFH) opened at 16.40 on Friday. The stock has a 50 day moving average price of $15.51 and a 200-day moving average price of $15.42. Boston Private Financial Holdings, Inc. has a 12-month low of $12.45 and a 12-month high of $17.88. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 19.32 and a beta of 1.09.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%. The firm had revenue of $94.37 million for the quarter, compared to the consensus estimate of $95.70 million. On average, analysts predict that Boston Private Financial Holdings, Inc. will post $0.90 EPS for the current fiscal year.

BPFH has been the topic of several recent research reports. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, July 4th. ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial Holdings in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.00.

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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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