Assenagon Asset Management S.A. Has $6.48 Million Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Assenagon Asset Management S.A. increased its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 67.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 642,651 shares of the bank's stock after purchasing an additional 258,267 shares during the period. Assenagon Asset Management S.A. owned about 0.72% of Brookline Bancorp worth $6,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in shares of Brookline Bancorp by 9.4% during the 1st quarter. Jennison Associates LLC now owns 4,917,763 shares of the bank's stock valued at $48,981,000 after acquiring an additional 424,115 shares in the last quarter. American Century Companies Inc. increased its holdings in Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank's stock worth $11,951,000 after buying an additional 249,113 shares during the last quarter. AQR Capital Management LLC raised its position in Brookline Bancorp by 47.5% during the second quarter. AQR Capital Management LLC now owns 491,756 shares of the bank's stock valued at $4,106,000 after acquiring an additional 158,329 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Brookline Bancorp in the second quarter valued at approximately $1,298,000. Finally, Bank of Montreal Can bought a new stake in Brookline Bancorp in the second quarter worth approximately $1,042,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on Brookline Bancorp from $10.50 to $11.00 and gave the stock a "market perform" rating in a research note on Friday, July 26th.

Brookline Bancorp Stock Performance

BRKL stock traded up $0.03 during mid-day trading on Tuesday, reaching $11.29. 516,943 shares of the stock traded hands, compared to its average volume of 502,050. The firm has a market capitalization of $1.00 billion, a PE ratio of 12.11 and a beta of 0.78. The business has a 50-day moving average of $10.14 and a two-hundred day moving average of $9.42. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $11.52. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.19.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, equities analysts predict that Brookline Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, November 15th. Brookline Bancorp's dividend payout ratio (DPR) is currently 58.06%.

Brookline Bancorp Company 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.