Assenagon Asset Management S.A. Has $10.37 Million Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Assenagon Asset Management S.A. raised its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 878,717 shares of the bank's stock after buying an additional 236,066 shares during the period. Assenagon Asset Management S.A. owned about 0.99% of Brookline Bancorp worth $10,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its holdings in Brookline Bancorp by 99.8% during the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank's stock valued at $2,149,000 after purchasing an additional 106,345 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Brookline Bancorp by 21.1% during the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank's stock worth $11,951,000 after purchasing an additional 249,113 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Brookline Bancorp by 12.2% in the third quarter. Jane Street Group LLC now owns 196,979 shares of the bank's stock valued at $1,988,000 after buying an additional 21,394 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Brookline Bancorp by 384.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,333 shares of the bank's stock valued at $599,000 after buying an additional 47,094 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Brookline Bancorp during the 3rd quarter worth about $432,000. Institutional investors own 78.91% of the company's stock.

Brookline Bancorp Trading Up 0.7 %

NASDAQ BRKL traded up $0.08 during trading hours on Friday, hitting $12.00. The company's stock had a trading volume of 420,101 shares, compared to its average volume of 878,047. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The firm has a market capitalization of $1.07 billion, a P/E ratio of 14.46 and a beta of 0.79. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average of $12.18 and a 200 day moving average of $10.83.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The company had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same quarter in the prior year, the business posted $0.26 EPS. Equities research analysts forecast that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 15th. Brookline Bancorp's dividend payout ratio (DPR) is currently 65.06%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BRKL shares. Keefe, Bruyette & Woods lowered shares of 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. Raymond James upgraded Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 target price for the company in a research report on Friday, December 20th. Finally, StockNews.com initiated coverage on Brookline Bancorp in a report on Sunday. They issued a "hold" rating on the stock.

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.