Hsbc Holdings PLC lifted its position in shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,897 shares of the bank’s stock after purchasing an additional 64,590 shares during the period. Hsbc Holdings PLC’s holdings in Boston Private Financial were worth $1,722,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its position in shares of Boston Private Financial by 9.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 116,361 shares of the bank’s stock worth $1,133,000 after purchasing an additional 9,744 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Boston Private Financial during the 4th quarter worth approximately $200,000. Citigroup Inc. raised its position in shares of Boston Private Financial by 76.1% during the 4th quarter. Citigroup Inc. now owns 93,052 shares of the bank’s stock worth $984,000 after purchasing an additional 40,222 shares during the last quarter. Martingale Asset Management L P acquired a new position in Boston Private Financial in the 4th quarter valued at $303,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Boston Private Financial by 4.1% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 43,657 shares of the bank’s stock valued at $461,000 after acquiring an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.
Shares of BPFH opened at $10.84 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $940.71 million, a price-to-earnings ratio of 11.18 and a beta of 0.97. Boston Private Financial Hldg Inc has a fifty-two week low of $10.00 and a fifty-two week high of $17.85.
Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, January 30th. The bank reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $88.69 million during the quarter, compared to the consensus estimate of $90.20 million. Boston Private Financial had a return on equity of 11.04% and a net margin of 18.89%. During the same period in the previous year, the firm posted $0.22 EPS. On average, analysts forecast that Boston Private Financial Hldg Inc will post 0.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.48 annualized dividend and a yield of 4.43%. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.
Several brokerages have weighed in on BPFH. Zacks Investment Research upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub upgraded Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, ValuEngine downgraded Boston Private Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus price target of $15.00.
ILLEGAL ACTIVITY NOTICE: “Boston Private Financial Hldg Inc (BPFH) Shares Bought by Hsbc Holdings PLC” was reported by Highlight Press and is the sole property of of Highlight Press. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://highlightpress.com/2019/03/21/boston-private-financial-hldg-inc-bpfh-shares-bought-by-hsbc-holdings-plc.html.
About Boston Private Financial
Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.
Recommended Story: What is a recession?
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).
Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.