Goldman Sachs Group Inc. Buys 40,781 Shares of Boston Private Financial Hldg Inc (BPFH)

Goldman Sachs Group Inc. grew its stake in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,895,861 shares of the bank’s stock after buying an additional 40,781 shares during the period. Goldman Sachs Group Inc. owned 3.44% of Boston Private Financial worth $44,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at about $169,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at about $169,000. Koch Industries Inc. acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at about $253,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Boston Private Financial in the third quarter valued at about $293,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Boston Private Financial in the fourth quarter valued at about $444,000. 92.48% of the stock is owned by institutional investors.

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Several equities research analysts have recently weighed in on the company. BidaskClub raised Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. ValuEngine raised Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Sandler O’Neill set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price target on shares of Boston Private Financial in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Boston Private Financial currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of Boston Private Financial Hldg Inc (NASDAQ BPFH) opened at $15.55 on Tuesday. Boston Private Financial Hldg Inc has a one year low of $13.95 and a one year high of $17.20. The company has a market capitalization of $1,314.36, a P/E ratio of 18.35 and a beta of 1.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, January 17th. The bank reported $0.22 EPS 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 business had revenue of $96.45 million for the quarter, compared to analyst estimates of $100.07 million. During the same period in the prior year, the business earned $0.24 EPS. analysts forecast that Boston Private Financial Hldg Inc will post 0.93 EPS for the current fiscal year.

In other news, CEO Corey Griffin purchased 5,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were acquired at an average price of $15.19 per share, for a total transaction of $75,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP W. Timothy Macdonald purchased 6,943 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $15.14 per share, for a total transaction of $105,117.02. The disclosure for this purchase can be found here. Insiders have purchased 33,255 shares of company stock valued at $507,486 in the last ninety days. 2.07% of the stock is currently owned by insiders.

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

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