Comerica Bank Raises Position in Boston Private Financial Hldg Inc (BPFH)

Comerica Bank raised its position in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,472 shares of the company’s stock after buying an additional 4,318 shares during the period. Comerica Bank’s holdings in Boston Private Financial Hldg were worth $1,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Boston Private Financial Hldg by 49.7% in the third quarter. Sei Investments Co. now owns 26,775 shares of the company’s stock worth $344,000 after buying an additional 8,884 shares in the last quarter. Granite Investment Partners LLC boosted its position in Boston Private Financial Hldg by 27.6% in the third quarter. Granite Investment Partners LLC now owns 737,497 shares of the company’s stock worth $9,463,000 after buying an additional 159,455 shares in the last quarter. Heartland Advisors Inc. boosted its position in Boston Private Financial Hldg by 60.6% in the third quarter. Heartland Advisors Inc. now owns 1,037,803 shares of the company’s stock worth $13,315,000 after buying an additional 391,592 shares in the last quarter. AMG National Trust Bank boosted its position in Boston Private Financial Hldg by 2.3% in the third quarter. AMG National Trust Bank now owns 16,660 shares of the company’s stock worth $214,000 after buying an additional 382 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its position in Boston Private Financial Hldg by 5.4% in the third quarter. CIBC World Markets Inc. now owns 50,600 shares of the company’s stock worth $649,000 after buying an additional 2,595 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

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

Boston Private Financial Hldg Inc (NASDAQ:BPFH) opened at 16.70 on Tuesday. The firm’s 50-day moving average price is $16.89 and its 200-day moving average price is $15.04. The firm has a market capitalization of $1.40 billion, a PE ratio of 20.69 and a beta of 1.07. Boston Private Financial Hldg Inc has a 1-year low of $10.77 and a 1-year high of $17.88.

Boston Private Financial Hldg (NASDAQ:BPFH) last issued its earnings results on Wednesday, January 18th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Boston Private Financial Hldg had a return on equity of 10.05% and a net margin of 18.24%. During the same period in the previous year, the company posted $0.17 EPS. On average, equities research analysts predict that Boston Private Financial Hldg Inc will post $0.90 EPS for the current fiscal year.

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A number of research analysts recently commented on the company. Zacks Investment Research cut Boston Private Financial Hldg from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Jefferies Group LLC cut Boston Private Financial Hldg from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $14.00 in a report on Monday, November 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

In related news, CEO Clayton Deutsch sold 25,000 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $16.59, for a total value of $414,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

Boston Private Financial Hldg Company Profile

5 Day Chart for NASDAQ:BPFH

Want to see what other hedge funds are holding BPFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Private Financial Hldg Inc (NASDAQ:BPFH).

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