Barclays PLC Boosts Stake in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Barclays PLC grew its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 99.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 212,904 shares of the bank's stock after buying an additional 106,345 shares during the quarter. Barclays PLC owned 0.24% of Brookline Bancorp worth $2,149,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BRKL. Assenagon Asset Management S.A. increased its holdings in Brookline Bancorp by 67.2% in the third quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank's stock valued at $6,484,000 after buying an additional 258,267 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Brookline Bancorp by 21.1% in the 2nd quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank's stock valued at $11,951,000 after acquiring an additional 249,113 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Brookline Bancorp by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank's stock worth $4,106,000 after acquiring an additional 158,329 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Brookline Bancorp during the second quarter worth approximately $1,298,000. Finally, Bank of Montreal Can acquired a new position in Brookline Bancorp in the second quarter valued at approximately $1,042,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Brookline Bancorp Stock Performance

BRKL traded down $0.17 on Friday, hitting $11.77. 797,947 shares of the company traded hands, compared to its average volume of 548,896. The company has a 50 day moving average of $12.04 and a 200-day moving average of $10.46. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15. The stock has a market capitalization of $1.05 billion, a PE ratio of 14.18 and a beta of 0.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same period last year, the company earned $0.26 earnings per share. Sell-side analysts anticipate that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Friday, November 15th. Brookline Bancorp's payout ratio is 65.06%.

Analyst Ratings Changes

A number of research firms have weighed in on BRKL. StockNews.com initiated coverage on shares of Brookline Bancorp in a report on Thursday. They set a "hold" rating on the stock. Raymond James upgraded shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price target on the stock in a research note on Friday, December 20th. Finally, Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a research note on Tuesday.

About Brookline Bancorp

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.