Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 118.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,041,930 shares of the bank's stock after purchasing an additional 565,719 shares during the period. Invesco Ltd. owned 1.17% of Brookline Bancorp worth $12,295,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Brookline Bancorp by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank's stock valued at $674,000 after buying an additional 811 shares during the period. LPL Financial LLC boosted its holdings in shares of Brookline Bancorp by 3.2% in the fourth quarter. LPL Financial LLC now owns 43,073 shares of the bank's stock valued at $508,000 after acquiring an additional 1,323 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after acquiring an additional 1,595 shares during the period. KBC Group NV lifted its position in Brookline Bancorp by 60.3% in 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. Finally, FMR LLC lifted its position in Brookline Bancorp by 174.9% in 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 during the period. 78.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Brookline Bancorp in a research note on Friday. They set a "hold" rating for the company.

Brookline Bancorp Price Performance

Shares of BRKL traded down $0.23 on Friday, reaching $10.21. The stock had a trading volume of 180,809 shares, compared to its average volume of 554,472. The firm has a 50-day moving average of $10.75 and a 200 day moving average of $11.48. The firm has a market capitalization of $918.58 million, a PE ratio of 13.26 and a beta of 0.71. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. 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 posted its earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $91.49 million for the quarter, compared to analysts' expectations of $91.38 million. Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.135 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.29%. Brookline Bancorp's dividend payout ratio (DPR) is 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.