Connor Clark & Lunn Investment Management Ltd. Buys 47,094 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Connor Clark & Lunn Investment Management Ltd. grew its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 384.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,333 shares of the bank's stock after purchasing an additional 47,094 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Brookline Bancorp worth $599,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank's stock valued at $11,951,000 after purchasing an additional 249,113 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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 buying an additional 158,329 shares during the period. Inspire Advisors LLC acquired a new stake in Brookline Bancorp during the second quarter worth approximately $1,298,000. Hennion & Walsh Asset Management Inc. boosted its stake in Brookline Bancorp by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 52,099 shares of the bank's stock valued at $435,000 after purchasing an additional 2,097 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Brookline Bancorp by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank's stock worth $6,484,000 after buying an additional 258,267 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company's stock.

Brookline Bancorp Price Performance

NASDAQ BRKL traded down $0.15 during midday trading on Friday, hitting $12.59. The company had a trading volume of 349,886 shares, compared to its average volume of 516,033. The company has a market capitalization of $1.12 billion, a PE ratio of 15.12 and a beta of 0.76. The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $9.94. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The company has a current ratio of 1.13, a quick 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 data on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The business had revenue of $165.91 million for the quarter, compared to analyst estimates of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, analysts anticipate that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp's dividend payout ratio (DPR) is currently 65.06%.

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.