Phocas Financial Corp. lifted its position in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,968 shares of the bank’s stock after buying an additional 13,961 shares during the quarter. Phocas Financial Corp. owned approximately 0.37% of Boston Private Financial Holdings worth $4,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in shares of Boston Private Financial Holdings by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock worth $8,035,000 after buying an additional 29,297 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Boston Private Financial Holdings by 28.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock worth $18,212,000 after buying an additional 262,435 shares in the last quarter. Washington Trust Bank bought a new position in shares of Boston Private Financial Holdings during the 2nd quarter worth $259,000. Municipal Employees Retirement System of Michigan grew its position in shares of Boston Private Financial Holdings by 5.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,800 shares of the bank’s stock worth $304,000 after buying an additional 1,000 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Boston Private Financial Holdings by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 651,420 shares of the bank’s stock worth $10,683,000 after buying an additional 23,138 shares in the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on BPFH. ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub downgraded Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price target on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. Finally, BMO Capital Markets reissued a “hold” rating and set a $15.00 price target on shares of Boston Private Financial Holdings in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.00.

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Boston Private Financial Holdings, Inc. (BPFH) traded down 0.452% during trading on Tuesday, hitting $16.525. The stock had a trading volume of 83,384 shares. The company has a market cap of $1.39 billion, a P/E ratio of 19.464 and a beta of 1.09. Boston Private Financial Holdings, Inc. has a one year low of $12.45 and a one year high of $17.88. The firm has a 50 day moving average of $15.58 and a 200-day moving average of $15.42.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $95.70 million. Equities analysts anticipate that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

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.

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

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