Brandywine Global Investment Management LLC lessened its holdings in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,787 shares of the bank’s stock after selling 19,872 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.16% of Boston Private Financial worth $2,098,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in shares of Boston Private Financial during the 4th quarter worth approximately $169,000. Koch Industries Inc. acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $253,000. Crossmark Global Holdings Inc. acquired a new position in shares of Boston Private Financial in the 3rd quarter valued at $293,000. Teacher Retirement System of Texas acquired a new position in shares of Boston Private Financial during the 4th quarter valued at $444,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Boston Private Financial by 59.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 31,570 shares of the bank’s stock valued at $522,000 after acquiring an additional 11,770 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
In other Boston Private Financial news, Director John Morton III sold 35,057 shares of Boston Private Financial stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $15.46, for a total transaction of $541,981.22. Following the completion of the transaction, the director now directly owns 42,512 shares of the company’s stock, valued at $657,235.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP W. Timothy Macdonald acquired 12,483 shares of Boston Private Financial stock in a transaction on Thursday, January 25th. The shares were bought at an average cost of $15.32 per share, with a total value of $191,239.56. Following the completion of the transaction, the executive vice president now owns 71,052 shares of the company’s stock, valued at $1,088,516.64. The disclosure for this purchase can be found here. Insiders bought 33,255 shares of company stock worth $507,486 over the last quarter. 2.11% of the stock is owned by corporate insiders.
BPFH traded up $0.25 during midday trading on Thursday, hitting $15.60. The company had a trading volume of 276,675 shares, compared to its average volume of 420,302. The stock has a market capitalization of $1,301.73, a PE ratio of 18.18 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. Boston Private Financial Hldg Inc has a twelve month low of $13.95 and a twelve month high of $17.20.
Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. The firm had revenue of $96.45 million for the quarter, compared to the consensus estimate of $100.07 million. During the same period in the previous year, the business earned $0.24 EPS. research analysts predict that Boston Private Financial Hldg Inc will post 0.94 EPS for the current year.
A number of brokerages have commented on BPFH. Zacks Investment Research upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, April 4th. BidaskClub raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. ValuEngine raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of Boston Private Financial in a research note on Friday, January 19th. Finally, Sandler O’Neill set a $17.00 price objective on shares of Boston Private Financial and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.50.
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Boston Private Financial Profile
Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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