Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 412,200 shares of the bank's stock after selling 134,200 shares during the quarter. LSV Asset Management owned about 0.46% of Brookline Bancorp worth $4,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Brookline Bancorp during the 4th quarter valued at about $744,000. Invesco Ltd. raised its stake in Brookline Bancorp by 118.8% during the fourth quarter. Invesco Ltd. now owns 1,041,930 shares of the bank's stock worth $12,295,000 after purchasing an additional 565,719 shares during the period. Bank of Montreal Can acquired a new position in Brookline Bancorp in the 4th quarter valued at about $138,000. Wells Fargo & Company MN grew its stake in shares of Brookline Bancorp by 7.1% in the 4th quarter. Wells Fargo & Company MN now owns 57,705 shares of the bank's stock valued at $681,000 after buying an additional 3,839 shares during the period. Finally, World Investment Advisors acquired a new stake in shares of Brookline Bancorp during the 4th quarter worth approximately $323,000. Hedge funds and other institutional investors own 78.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRKL. StockNews.com began coverage on Brookline Bancorp in a research report on Thursday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a research report on Tuesday, December 24th. Finally, Raymond James raised shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 target price for the company in a research note on Friday, December 20th.

Brookline Bancorp Trading Up 0.9 %

NASDAQ:BRKL traded up $0.09 during trading hours on Friday, reaching $9.89. 436,346 shares of the stock were exchanged, compared to its average volume of 582,709. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The business has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.47. The company has a market capitalization of $889.70 million, a price-to-earnings ratio of 12.84 and a beta of 0.71. 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 earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share 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%. On average, equities analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 5.46%. Brookline Bancorp's dividend payout ratio is presently 70.13%.

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.