World Investment Advisors bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 27,394 shares of the bank's stock, valued at approximately $323,000.
Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after buying an additional 1,595 shares during the last quarter. FMR LLC raised its position in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank's stock worth $52,000 after acquiring an additional 3,279 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Brookline Bancorp in the fourth quarter valued at about $72,000. KBC Group NV lifted its holdings in shares of 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 in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Brookline Bancorp in the fourth quarter valued at approximately $133,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on BRKL shares. Raymond James raised Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 target price on the stock in a research note on Friday, December 20th. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective on the stock. in a research report on Tuesday, December 24th. Finally, StockNews.com initiated coverage on Brookline Bancorp in a research note on Wednesday, April 9th. They set a "hold" rating on the stock.
Read Our Latest Stock Analysis on Brookline Bancorp
Brookline Bancorp Trading Up 0.2 %
NASDAQ BRKL traded up $0.02 during mid-day trading on Monday, reaching $9.59. 36,392 shares of the stock were exchanged, compared to its average volume of 578,646. The stock has a market capitalization of $862.72 million, a PE ratio of 12.45 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The business's fifty day simple moving average is $11.19 and its 200 day simple moving average is $11.50.
Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.
Brookline Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 5.63%. Brookline Bancorp's payout ratio is currently 70.13%.
Brookline Bancorp Profile
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Free Report)
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.
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