Intech Investment Management LLC boosted its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 96.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,592 shares of the bank's stock after purchasing an additional 61,591 shares during the period. Intech Investment Management LLC owned about 0.14% of Brookline Bancorp worth $1,482,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Brookline Bancorp by 384.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,333 shares of the bank's stock valued at $599,000 after acquiring an additional 47,094 shares during the last quarter. Quantbot Technologies LP raised its position in Brookline Bancorp by 36.6% in the third quarter. Quantbot Technologies LP now owns 19,669 shares of the bank's stock valued at $198,000 after purchasing an additional 5,271 shares during the last quarter. FMR LLC boosted its stake in shares of Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank's stock valued at $52,000 after purchasing an additional 3,279 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Brookline Bancorp by 93.9% during the third quarter. BNP Paribas Financial Markets now owns 59,850 shares of the bank's stock valued at $604,000 after purchasing an additional 28,988 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of Brookline Bancorp during the third quarter worth about $111,000. Institutional investors and hedge funds own 78.91% of the company's stock.
Wall Street Analyst Weigh In
BRKL has been the topic of several recent research reports. 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 report on Friday, December 20th. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target on the stock. in a report on Tuesday, December 24th. Finally, StockNews.com initiated coverage on Brookline Bancorp in a research report on Monday. They set a "hold" rating for the company.
Get Our Latest Stock Analysis on Brookline Bancorp
Brookline Bancorp Trading Up 0.2 %
Brookline Bancorp stock traded up $0.02 during mid-day trading on Wednesday, hitting $11.14. 382,957 shares of the stock were exchanged, compared to its average volume of 526,756. The firm's fifty day simple moving average is $11.73 and its two-hundred day simple moving average is $11.48. 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, Inc. has a 12 month low of $8.01 and a 12 month high of $13.15. The stock has a market capitalization of $992.63 million, a price-to-earnings ratio of 14.47 and a beta of 0.78.
Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its earnings results 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 net margin of 10.51% and a return on equity of 5.94%. Analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.
Brookline Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Friday, February 14th. Brookline Bancorp's dividend payout ratio is 70.13%.
About Brookline Bancorp
(
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.
Further Reading
Before you consider Brookline Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookline Bancorp wasn't on the list.
While Brookline Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
