361 Capital LLC purchased a new stake in Boston Private Financial Hldg Inc (NASDAQ:BPFH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 200,977 shares of the bank’s stock, valued at approximately $2,124,000.
Several other large investors also recently added to or reduced their stakes in BPFH. Boston Partners acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $17,234,000. FMR LLC boosted its position in shares of Boston Private Financial by 9.6% in the 2nd quarter. FMR LLC now owns 7,513,673 shares of the bank’s stock valued at $119,467,000 after purchasing an additional 656,820 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Boston Private Financial by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock valued at $77,049,000 after purchasing an additional 375,363 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Boston Private Financial in the 4th quarter valued at $32,000. Finally, Citadel Advisors LLC boosted its position in shares of Boston Private Financial by 105.2% in the 3rd quarter. Citadel Advisors LLC now owns 613,120 shares of the bank’s stock valued at $8,369,000 after purchasing an additional 314,355 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. BidaskClub upgraded Boston Private Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of $15.00.
Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, January 30th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $88.69 million during the quarter, compared to the consensus estimate of $90.20 million. Boston Private Financial had a return on equity of 11.04% and a net margin of 18.89%. During the same period in the prior year, the business earned $0.22 EPS. Research analysts expect that Boston Private Financial Hldg Inc will post 0.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, February 7th. Boston Private Financial’s dividend payout ratio is currently 49.48%.
In related news, Director Stephen M. Waters sold 3,000 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $12.61, for a total value of $37,830.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Dechellis acquired 20,000 shares of Boston Private Financial stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average cost of $12.65 per share, with a total value of $253,000.00. Following the completion of the purchase, the chief executive officer now owns 141,879 shares in the company, valued at approximately $1,794,769.35. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 30,676 shares of company stock valued at $374,556 and sold 3,116 shares valued at $39,253. 2.11% of the stock is currently owned by corporate insiders.
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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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