Swiss National Bank lifted its position in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 147,200 shares of the bank’s stock after purchasing an additional 7,800 shares during the quarter. Swiss National Bank’s holdings in Boston Private Financial were worth $2,274,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new position in shares of Boston Private Financial during the fourth quarter worth about $169,000. Crossmark Global Holdings Inc. acquired a new position in Boston Private Financial during the third quarter valued at approximately $293,000. Teacher Retirement System of Texas acquired a new position in Boston Private Financial during the fourth quarter valued at approximately $444,000. Municipal Employees Retirement System of Michigan boosted its position in Boston Private Financial by 59.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 31,570 shares of the bank’s stock valued at $522,000 after purchasing an additional 11,770 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Boston Private Financial by 80.9% during the third quarter. BNP Paribas Arbitrage SA now owns 46,945 shares of the bank’s stock valued at $777,000 after purchasing an additional 21,001 shares during the last quarter. 91.51% of the stock is owned by institutional investors.
Boston Private Financial Hldg Inc (BPFH) opened at $15.45 on Friday. Boston Private Financial Hldg Inc has a 52-week low of $13.95 and a 52-week high of $17.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1,270.28, a P/E ratio of 17.74 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were paid a $0.12 dividend. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 1st. This represents a $0.48 annualized dividend and a yield of 3.11%. Boston Private Financial’s dividend payout ratio is currently 111.63%.
Several brokerages recently commented on BPFH. ValuEngine raised Boston Private Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub raised Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price target on shares of Boston Private Financial in a research report on Friday, January 19th. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Sandler O’Neill set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.50.
In other Boston Private Financial news, Director John Morton III sold 35,057 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $15.46, for a total value of $541,981.22. Following the sale, the director now owns 42,512 shares in the company, valued at $657,235.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP W. Timothy Macdonald acquired 3,129 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was acquired at an average price of $15.44 per share, for a total transaction of $48,311.76. The disclosure for this purchase can be found here. Insiders acquired 33,255 shares of company stock worth $507,486 in the last 90 days. Corporate insiders own 2.07% of the company’s stock.
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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.
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