Ieq Capital LLC Has $642,000 Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Ieq Capital LLC boosted its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 327.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,402 shares of the bank's stock after purchasing an additional 41,685 shares during the quarter. Ieq Capital LLC owned about 0.06% of Brookline Bancorp worth $642,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of Brookline Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank's stock worth $41,667,000 after acquiring an additional 21,345 shares during the period. Jennison Associates LLC raised its holdings in shares of Brookline Bancorp by 7.7% in the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after buying an additional 224,888 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Brookline Bancorp by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank's stock worth $21,084,000 after buying an additional 26,714 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Brookline Bancorp by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank's stock worth $10,369,000 after buying an additional 236,066 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brookline Bancorp by 109.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank's stock worth $6,529,000 after buying an additional 338,050 shares in the last quarter. Institutional investors own 78.91% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 target price for the company. in a report on Tuesday, December 24th. Raymond James raised Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 target price for the company in a report on Friday, December 20th. Finally, StockNews.com initiated coverage on Brookline Bancorp in a report on Friday. They issued a "hold" rating for the company.

Brookline Bancorp Price Performance

BRKL stock traded up $0.10 during midday trading on Friday, reaching $11.80. 906,548 shares of the company's stock traded hands, compared to its average volume of 539,719. The company has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $11.34. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 15.32 and a beta of 0.79. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.58%. Brookline Bancorp's payout ratio is currently 70.13%.

Brookline Bancorp 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.