Centiva Capital LP Purchases New Stake in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Centiva Capital LP bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 42,804 shares of the bank's stock, valued at approximately $432,000.

A number of other institutional investors have also modified their holdings of the company. EMC Capital Management grew its holdings in shares of 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 purchasing an additional 1,819 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Brookline Bancorp by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank's stock worth $338,000 after acquiring an additional 2,002 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings 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 worth $435,000 after acquiring an additional 2,097 shares during the period. Captrust Financial Advisors boosted its holdings in Brookline Bancorp by 4.4% in the 3rd quarter. Captrust Financial Advisors now owns 64,734 shares of the bank's stock worth $653,000 after acquiring an additional 2,730 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Brookline Bancorp by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,413 shares of the bank's stock worth $742,000 after acquiring an additional 3,040 shares during the period. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Stock Down 0.3 %

NASDAQ BRKL traded down $0.04 on Monday, reaching $12.58. The company had a trading volume of 515,555 shares, compared to its average volume of 515,280. The firm has a 50-day moving average of $11.47 and a 200-day moving average of $10.13. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The firm has a market capitalization of $1.12 billion, a PE ratio of 15.16 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) 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 analyst estimates of $88.67 million. During the same period in the prior year, the company posted $0.26 EPS. On average, equities research analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Friday, November 15th. Brookline Bancorp's payout ratio is 65.06%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded Brookline Bancorp from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $12.00 to $14.50 in a report on Wednesday, December 4th.

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.