ABC Arbitrage SA Takes $707,000 Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

ABC Arbitrage SA acquired a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 59,911 shares of the bank's stock, valued at approximately $707,000. ABC Arbitrage SA owned about 0.07% of Brookline Bancorp at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock valued at $34,000 after acquiring an additional 1,595 shares during the period. EMC Capital Management raised its stake in Brookline Bancorp by 13.0% during the 3rd quarter. EMC Capital Management now owns 15,829 shares of the bank's stock worth $160,000 after acquiring an additional 1,819 shares in the last quarter. KBC Group NV increased its position in Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank's stock worth $76,000 after buying an additional 2,421 shares during the period. Captrust Financial Advisors grew its position in Brookline Bancorp by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 64,734 shares of the bank's stock worth $653,000 after purchasing an additional 2,730 shares during the last quarter. Finally, FMR LLC increased its position in Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank's stock valued at $52,000 after acquiring an additional 3,279 shares during the period. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Stock Performance

Brookline Bancorp stock traded down $0.08 during mid-day trading on Wednesday, reaching $12.12. The company's stock had a trading volume of 377,848 shares, compared to its average volume of 538,448. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The business has a 50 day moving average price of $12.04 and a 200-day moving average price of $11.23. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 15.74 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. Sell-side analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.46%. Brookline Bancorp's payout ratio is 70.13%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRKL. Raymond James upgraded Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 target price on the stock in a research report on Friday, December 20th. Keefe, Bruyette & Woods cut Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target for the company. in a report on Tuesday, December 24th. Finally, StockNews.com started coverage on shares of Brookline Bancorp in a research note on Wednesday, February 12th. They issued a "hold" rating for the company.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.