Citadel Advisors LLC lifted its holdings in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 56.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,008 shares of the bank’s stock after purchasing an additional 37,261 shares during the period. Citadel Advisors LLC owned about 0.12% of Boston Private Financial worth $1,705,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Amalgamated Bank increased its holdings in Boston Private Financial by 2.6% in the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after acquiring an additional 290 shares in the last quarter. Nordea Investment Management AB increased its holdings in Boston Private Financial by 32.3% in the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock worth $195,000 after acquiring an additional 3,100 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Boston Private Financial in the 3rd quarter worth approximately $234,000. BlueCrest Capital Management Ltd purchased a new stake in Boston Private Financial in the 2nd quarter worth approximately $261,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Boston Private Financial in the 3rd quarter worth approximately $293,000. 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 $15.85 on Wednesday. The stock has a market cap of $1,330.00, a P/E ratio of 19.02 and a beta of 1.06. Boston Private Financial Holdings, Inc. has a fifty-two week low of $13.95 and a fifty-two week 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.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $96.89 million for the quarter, compared to analysts’ expectations of $98.00 million. analysts predict that Boston Private Financial Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, November 2nd. Boston Private Financial’s dividend payout ratio (DPR) is currently 55.70%.

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

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Boston Private Financial Company Profile

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 (NASDAQ:BPFH)

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