Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,592 shares of the bank's stock after buying 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 reporting period.

A number of other hedge funds have also recently modified their holdings of BRKL. Versant Capital Management Inc boosted its holdings in Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock valued at $34,000 after acquiring an additional 1,595 shares during the period. FMR LLC lifted its position in shares of Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank's stock worth $52,000 after purchasing an additional 3,279 shares during the last quarter. KBC Group NV boosted its stake in shares of Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after purchasing an additional 2,421 shares during the period. Townsquare Capital LLC purchased a new position in Brookline Bancorp in the 3rd quarter worth about $111,000. Finally, iSAM Funds UK Ltd bought a new stake in Brookline Bancorp during the 3rd quarter valued at about $123,000. Institutional investors own 78.91% of the company's stock.

Brookline Bancorp Stock Down 0.6 %

NASDAQ BRKL traded down $0.07 during trading on Tuesday, reaching $11.12. 493,645 shares of the company's stock traded hands, compared to its average volume of 527,558. The company's 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $11.48. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15. The firm has a market cap of $990.85 million, a price-to-earnings ratio of 14.44 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13.

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Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp's payout ratio is 70.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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 note on Friday, December 20th. Keefe, Bruyette & Woods lowered Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target for the company. in a report on Tuesday, December 24th. Finally, StockNews.com began coverage on Brookline Bancorp in a report on Monday. They set a "hold" rating on the stock.

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.