Thrivent Financial for Lutherans Has $884,000 Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Thrivent Financial for Lutherans reduced its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 76.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 74,905 shares of the bank's stock after selling 247,060 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Brookline Bancorp worth $884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRKL. State Street Corp boosted its stake in shares of Brookline Bancorp by 0.5% during the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank's stock worth $41,667,000 after acquiring an additional 21,345 shares during the period. Jennison Associates LLC boosted its holdings in shares of Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after buying an additional 224,888 shares during the period. Geode Capital Management LLC raised its holdings in Brookline Bancorp by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank's stock valued at $21,084,000 after acquiring an additional 26,714 shares during the period. Assenagon Asset Management S.A. lifted its position in Brookline Bancorp by 36.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank's stock worth $10,369,000 after acquiring an additional 236,066 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Brookline Bancorp by 109.4% in the third quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank's stock valued at $6,529,000 after purchasing an additional 338,050 shares during the last quarter. Institutional investors own 78.91% of the company's stock.

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Analyst Ratings Changes

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

Brookline Bancorp Price Performance

BRKL traded down $0.28 during trading on Friday, hitting $9.84. 848,157 shares of the stock traded hands, compared to its average volume of 568,639. 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 price of $11.53 and a 200 day moving average price of $11.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market cap of $876.79 million, a price-to-earnings ratio of 12.78 and a beta of 0.71.

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 return on equity of 5.94% and a net margin of 10.51%. Equities research analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal 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. This represents a $0.54 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp's dividend payout ratio (DPR) is currently 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.