Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 384.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,333 shares of the bank’s stock after buying an additional 47,094 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Brookline Bancorp worth $599,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CWM LLC increased its holdings in Brookline Bancorp by 1,806.5% in the 2nd quarter. CWM LLC now owns 8,827 shares of the bank’s stock valued at $74,000 after purchasing an additional 8,364 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Brookline Bancorp in the second quarter valued at about $102,000. Creative Planning purchased a new stake in shares of Brookline Bancorp during the 3rd quarter valued at about $103,000. XTX Topco Ltd acquired a new position in Brookline Bancorp during the 2nd quarter worth approximately $115,000. Finally, Point72 DIFC Ltd purchased a new position in Brookline Bancorp in the 2nd quarter worth approximately $116,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Trading Down 0.2 %

NASDAQ BRKL opened at $12.74 on Friday. The company’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $9.92. The stock has a market cap of $1.14 billion, a P/E ratio of 15.35 and a beta of 0.76. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The company had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts predict that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp’s dividend payout ratio is currently 65.06%.

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.