Brandywine Global Investment Management LLC Trims Stake in Boston Private Financial Hldg Inc (BPFH)

Brandywine Global Investment Management LLC trimmed its holdings in Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 12.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 135,787 shares of the bank’s stock after selling 19,872 shares during the period. Brandywine Global Investment Management LLC owned 0.16% of Boston Private Financial worth $2,098,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BPFH. CIBC Asset Management Inc purchased a new stake in shares of Boston Private Financial in the fourth quarter valued at about $169,000. Koch Industries Inc. purchased a new stake in shares of Boston Private Financial in the fourth quarter valued at about $253,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Boston Private Financial in the third quarter valued at about $293,000. Teacher Retirement System of Texas purchased a new stake in shares of Boston Private Financial in the fourth quarter valued at about $444,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings 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 worth $522,000 after purchasing an additional 11,770 shares in the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

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

BPFH stock opened at $15.45 on Wednesday. The stock has a market cap of $1,314.36, a PE ratio of 18.35 and a beta of 1.03. Boston Private Financial Hldg Inc has a 1-year low of $13.95 and a 1-year high of $17.20. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, January 17th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $96.45 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.24 earnings per share. analysts predict that Boston Private Financial Hldg Inc will post 0.93 EPS for the current fiscal year.

BPFH has been the subject of several analyst reports. BidaskClub raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.50 price target on shares of Boston Private Financial in a report on Friday, December 22nd. Zacks Investment Research cut shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Sandler O’Neill set a $17.00 price target on shares of Boston Private Financial and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Boston Private Financial has an average rating of “Hold” and a consensus target price of $16.50.

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

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