Arrowstreet Capital Limited Partnership raised its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,027 shares of the bank's stock after acquiring an additional 155,304 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.57% of Brookline Bancorp worth $5,995,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of BRKL. Versant Capital Management Inc boosted its stake in shares of Brookline Bancorp by 124.2% in the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock valued at $34,000 after purchasing an additional 1,595 shares during the period. FMR LLC lifted its holdings in Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank's stock worth $52,000 after buying an additional 3,279 shares in the last quarter. KBC Group NV boosted its position in Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after buying an additional 2,421 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Brookline Bancorp in the third quarter worth $123,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of Brookline Bancorp during the fourth quarter worth $133,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
Brookline Bancorp Stock Up 0.4 %
Shares of BRKL stock traded up $0.04 on Friday, reaching $9.57. 690,625 shares of the stock were exchanged, compared to its average volume of 579,621. The company has a market capitalization of $852.73 million, a price-to-earnings ratio of 12.43 and a beta of 0.71. The business's 50 day moving average price is $11.19 and its 200 day moving average price is $11.49. 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.
Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. As a group, sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.
Brookline Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 5.64%. Brookline Bancorp's dividend payout ratio is currently 70.13%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. StockNews.com assumed coverage on Brookline Bancorp in a report on Wednesday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods cut 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, December 24th. Finally, Raymond James upgraded shares of 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 note on Friday, December 20th.
Check Out Our Latest Report on BRKL
Brookline Bancorp Company Profile
(
Free Report)
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.
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