Great West Life Assurance Co. Can increased its stake in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 122,532 shares of the bank’s stock after buying an additional 3,350 shares during the period. Great West Life Assurance Co. Can owned approximately 0.15% of Boston Private Financial Holdings worth $1,875,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Boston Private Financial Holdings during the first quarter valued at $208,000. William Blair Investment Management LLC boosted its stake in shares of Boston Private Financial Holdings by 29.7% in the first quarter. William Blair Investment Management LLC now owns 1,395,254 shares of the bank’s stock valued at $22,882,000 after buying an additional 319,910 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $22,801,000 after buying an additional 14,659 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Boston Private Financial Holdings by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock valued at $8,035,000 after buying an additional 29,297 shares during the last quarter. Finally, Washington Trust Bank bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at $259,000. 90.62% of the stock is owned by institutional investors.

Shares of Boston Private Financial Holdings, Inc. (NASDAQ BPFH) opened at 14.90 on Monday. Boston Private Financial Holdings, Inc. has a 1-year low of $12.39 and a 1-year high of $17.88. The company’s 50-day moving average price is $15.06 and its 200 day moving average price is $15.73. The firm has a market cap of $1.25 billion, a PE ratio of 17.55 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The firm had revenue of $94.37 million during 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 year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is presently 51.16%.

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Several equities research analysts have recently weighed in on BPFH shares. Zacks Investment Research cut Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.60.

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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