Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 994,313 shares of the bank's stock after selling 252,075 shares during the quarter. Renaissance Technologies LLC owned approximately 1.12% of Brookline Bancorp worth $11,733,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. FMR LLC grew its stake in Brookline Bancorp by 174.9% during the 3rd 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 last quarter. State Street Corp lifted its stake in Brookline Bancorp by 0.5% during the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank's stock valued at $41,667,000 after acquiring an additional 21,345 shares during the period. Jane Street Group LLC boosted its holdings in shares of Brookline Bancorp by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank's stock valued at $1,988,000 after acquiring an additional 21,394 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Brookline Bancorp by 88.5% in the third quarter. XTX Topco Ltd now owns 25,930 shares of the bank's stock worth $262,000 after acquiring an additional 12,173 shares during the period. Finally, Barclays PLC raised its holdings in shares of Brookline Bancorp by 99.8% during the third quarter. Barclays PLC now owns 212,904 shares of the bank's stock worth $2,149,000 after purchasing an additional 106,345 shares during the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Trading Up 0.9 %

Shares of BRKL traded up $0.09 during midday trading on Friday, reaching $9.89. The company had a trading volume of 436,346 shares, compared to its average volume of 583,678. The firm has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $11.47. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The stock has a market cap of $889.70 million, a PE ratio of 12.84 and a beta of 0.71. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its earnings results on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Research analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on BRKL shares. Raymond James raised shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price target on the stock in a report on Friday, December 20th. StockNews.com initiated coverage on Brookline Bancorp in a report on Thursday. They issued a "hold" rating for the company. Finally, Keefe, Bruyette & Woods lowered Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective on the stock. in a report on Tuesday, December 24th.

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.