1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership increased its position in shares of Brookline Bancorp, Inc. ( NASDAQ:BRKL – Free Report ) by 44.0% in the 4th quarter, Holdings Channel.
com reports. The fund owned 508,027 shares of the bank’s stock after buying an additional 155,304 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Brookline Bancorp were worth $5,995,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BRKL. Versant Capital Management Inc grew its position in Brookline Bancorp by 124.2% in the fourth quarter.
Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after acquiring an additional 1,595 shares in the last quarter. FMR LLC boosted its holdings in Brookline Bancorp by 174.9% in the third quarter.
FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after purchasing an additional 3,279 shares in the last quarter. KBC Group NV increased its position in Brookline Bancorp by 60.3% during the fourth quarter.
KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after buying an additional 2,421 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Brookline Bancorp during the third quarter valued at about $123,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Brookline Bancorp in the fourth quarter worth about $133,000.
Institutional investors and hedge funds own 78.91% of the company’s stock. Analyst Ratings Changes A number of brokerages have recently commented on BRKL.
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.
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 research report on Friday, December 20th. Finally, StockNews.
com started coverage on Brookline Bancorp in a research note on Tuesday, April 1st. They set a “hold” rating for the company. Brookline Bancorp Stock Down 0.
4 % Shares of BRKL opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 1.
24, a quick ratio of 1.13 and a current ratio of 1.12.
The company has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.52.
Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.
15. The firm has a market capitalization of $873.23 million, a P/E ratio of 12.
73 and a beta of 0.71. Brookline Bancorp ( NASDAQ:BRKL – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th.
The bank reported $0.23 EPS 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 research analysts expect that Brookline Bancorp, Inc. will post 1.
35 earnings per share 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 paid a dividend of $0.
135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.
54 dividend on an annualized basis and a yield of 5.51%. Brookline Bancorp’s dividend payout ratio is currently 70.
13%. Brookline Bancorp Profile ( 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. Further Reading Want to see what other hedge funds are holding BRKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookline Bancorp, Inc.
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