GSA Capital Partners LLP Sells 140,756 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

GSA Capital Partners LLP cut its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 82.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,183 shares of the bank’s stock after selling 140,756 shares during the quarter. GSA Capital Partners LLP’s holdings in Brookline Bancorp were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BRKL. Sei Investments Co. raised its holdings in Brookline Bancorp by 26.2% during the first quarter. Sei Investments Co. now owns 47,640 shares of the bank’s stock valued at $474,000 after acquiring an additional 9,878 shares during the period. ProShare Advisors LLC raised its holdings in Brookline Bancorp by 7.4% during the first quarter. ProShare Advisors LLC now owns 17,640 shares of the bank’s stock valued at $176,000 after acquiring an additional 1,223 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Brookline Bancorp by 126.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 56,337 shares of the bank’s stock valued at $592,000 after acquiring an additional 31,410 shares during the period. Vanguard Group Inc. raised its holdings in Brookline Bancorp by 0.5% during the first quarter. Vanguard Group Inc. now owns 10,145,485 shares of the bank’s stock valued at $101,049,000 after acquiring an additional 54,211 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in Brookline Bancorp during the first quarter valued at about $47,000. 78.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on Brookline Bancorp from $10.50 to $11.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.

Brookline Bancorp Trading Up 2.8 %

Shares of BRKL stock opened at $12.60 on Friday. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month 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. The stock’s 50-day moving average price is $10.92 and its 200-day moving average price is $9.83. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.18 and a beta of 0.76.

Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results 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 firm had revenue of $165.91 million for the quarter, compared to analysts’ expectations of $88.67 million. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities research analysts predict that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business 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 $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.29%. Brookline Bancorp’s dividend payout ratio is currently 65.06%.

Brookline Bancorp Company 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.