American Century Companies Inc. trimmed its position in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,301,099 shares of the bank’s stock after selling 86,001 shares during the period. American Century Companies Inc. owned about 1.55% of Boston Private Financial worth $20,102,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Boston Private Financial by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after purchasing an additional 152,086 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Boston Private Financial by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock valued at $87,964,000 after purchasing an additional 27,894 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Boston Private Financial by 16.0% during the 3rd quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after purchasing an additional 454,411 shares during the last quarter. State Street Corp grew its holdings in Boston Private Financial by 8.0% during the 2nd quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after purchasing an additional 216,580 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Boston Private Financial by 1.7% during the 2nd quarter. Northern Trust Corp now owns 1,688,529 shares of the bank’s stock valued at $25,919,000 after purchasing an additional 28,539 shares during the last quarter. Institutional investors own 90.95% of the company’s stock.
In other Boston Private Financial news, CEO Corey Griffin purchased 5,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average price of $15.19 per share, with a total value of $75,950.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $541,981.22. Following the completion of the sale, the director now directly owns 42,512 shares of the company’s stock, valued at approximately $657,235.52. The disclosure for this sale can be found here. Insiders acquired a total of 26,312 shares of company stock worth $402,369 over the last 90 days. Insiders own 2.07% of the company’s stock.
Boston Private Financial Hldg Inc (NASDAQ BPFH) opened at $14.90 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $1,258.92, a PE ratio of 17.59 and a beta of 1.02. Boston Private Financial Hldg Inc has a one year low of $13.95 and a one year high of $17.88.
Boston Private Financial (NASDAQ:BPFH) last issued its earnings results on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $96.45 million during the quarter, compared to the consensus estimate of $100.07 million. Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. During the same quarter in the prior year, the company earned $0.24 earnings per share. sell-side analysts anticipate that Boston Private Financial Hldg Inc will post 1.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be paid a $0.12 dividend. This is an increase from Boston Private Financial’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, February 1st. Boston Private Financial’s dividend payout ratio is currently 111.63%.
About Boston Private Financial
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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