Wealth Enhancement Advisory Services LLC Buys Shares of 11,681 Brookline Bancorp, Inc. (NASDAQ:BRKL)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,681 shares of the bank’s stock, valued at approximately $118,000.

A number of other large investors also recently made changes to their positions in BRKL. EntryPoint Capital LLC purchased a new position in shares of Brookline Bancorp during the 1st quarter valued at $47,000. CWM LLC grew its position in Brookline Bancorp by 1,806.5% in the second quarter. CWM LLC now owns 8,827 shares of the bank’s stock worth $74,000 after acquiring an additional 8,364 shares in the last quarter. Creative Planning acquired a new position in shares of Brookline Bancorp during the 3rd quarter worth $103,000. Alta Wealth Advisors LLC bought a new position in shares of Brookline Bancorp during the 3rd quarter valued at $117,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Brookline Bancorp in the 2nd quarter valued at $102,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Trading Up 0.1 %

NASDAQ:BRKL opened at $12.77 on Wednesday. The company’s 50 day moving average is $10.53 and its 200-day moving average is $9.63. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. Brookline Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $12.94. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 15.39 and a beta of 0.76.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. The firm had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same quarter last year, the firm posted $0.26 EPS. Equities analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.23%. Brookline Bancorp’s dividend payout ratio is presently 65.06%.

Analyst Upgrades and Downgrades

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

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.