GSA Capital Partners LLP Cuts Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

GSA Capital Partners LLP trimmed its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 82.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,183 shares of the bank's stock after selling 140,756 shares during the period. GSA Capital Partners LLP's holdings in Brookline Bancorp were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new stake in shares of Brookline Bancorp during the 1st quarter worth $47,000. CWM LLC boosted its holdings in shares of Brookline Bancorp by 1,806.5% in the 2nd quarter. CWM LLC now owns 8,827 shares of the bank's stock valued at $74,000 after buying an additional 8,364 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Brookline Bancorp in the 2nd quarter valued at about $102,000. Creative Planning purchased a new position in shares of Brookline Bancorp in the 3rd quarter worth approximately $103,000. Finally, XTX Topco Ltd bought a new position in shares of Brookline Bancorp during the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 78.91% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective on Brookline Bancorp from $10.50 to $11.00 and gave the stock a "market perform" rating in a research report on Friday, July 26th.

Brookline Bancorp Price Performance

BRKL traded up $0.34 during trading on Friday, reaching $12.60. The company's stock had a trading volume of 471,816 shares, compared to its average volume of 652,089. The firm has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $9.83. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 15.18 and a beta of 0.76. 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, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 EPS. As a group, analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp's payout ratio is 65.06%.

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.