Brookline Bancorp, Inc. (NASDAQ:BRKL) Stock Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 56.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,001 shares of the bank’s stock after purchasing an additional 23,172 shares during the period. Intech Investment Management LLC owned about 0.07% of Brookline Bancorp worth $646,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. EMC Capital Management raised its stake in Brookline Bancorp by 13.0% during the third quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock valued at $160,000 after buying an additional 1,819 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Brookline Bancorp by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank’s stock valued at $338,000 after acquiring an additional 2,002 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Brookline Bancorp by 4.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 52,099 shares of the bank’s stock valued at $435,000 after acquiring an additional 2,097 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Brookline Bancorp by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 74,413 shares of the bank’s stock worth $742,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Brookline Bancorp by 7.1% in the second quarter. Sei Investments Co. now owns 51,037 shares of the bank’s stock worth $426,000 after purchasing an additional 3,397 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp Stock Down 1.2 %

BRKL stock opened at $12.59 on Friday. The firm has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $9.96. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.17 and a beta of 0.76.

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

Brookline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, November 15th. Brookline Bancorp’s payout ratio is 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.