Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 82.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,898 shares of the bank’s stock after acquiring an additional 16,229 shares during the period. Quantbot Technologies LP’s holdings in Brookline Bancorp were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRKL. Versant Capital Management Inc lifted 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 valued at $34,000 after purchasing an additional 1,595 shares during the period. FMR LLC raised its stake in shares of Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after buying an additional 3,279 shares in the last quarter. KBC Group NV lifted its holdings in shares of Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after buying an additional 2,421 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Brookline Bancorp in the third quarter valued at approximately $111,000. Finally, iSAM Funds UK Ltd acquired a new position in Brookline Bancorp during the third quarter worth $123,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Analyst Upgrades and Downgrades

BRKL has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Brookline Bancorp in a report on Monday, March 24th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods downgraded shares of 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. Finally, Raymond James raised shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Friday, December 20th.

Brookline Bancorp Trading Down 1.9 %

Shares of BRKL stock opened at $10.91 on Friday. The stock has a market cap of $972.14 million, a P/E ratio of 14.17 and a beta of 0.78. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The business has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.49.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share 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, analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given 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 4.95%. Brookline Bancorp’s dividend payout ratio 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.