Barclays PLC Purchases 106,345 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Barclays PLC grew its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 99.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,904 shares of the bank’s stock after purchasing an additional 106,345 shares during the quarter. Barclays PLC owned approximately 0.24% of Brookline Bancorp worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EMC Capital Management grew its holdings in Brookline Bancorp by 13.0% during the 3rd quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock worth $160,000 after acquiring an additional 1,819 shares during the period. The Manufacturers Life Insurance Company lifted 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 during the period. Captrust Financial Advisors grew its holdings in Brookline Bancorp by 4.4% in the third quarter. Captrust Financial Advisors now owns 64,734 shares of the bank’s stock worth $653,000 after purchasing an additional 2,730 shares during the period. FMR LLC raised its holdings in shares of Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,279 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Brookline Bancorp by 7.1% during the 2nd quarter. Sei Investments Co. now owns 51,037 shares of the bank’s stock worth $426,000 after purchasing an additional 3,397 shares in the last quarter. 78.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRKL. StockNews.com began coverage on Brookline Bancorp in a research note on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price for the company. in a research report on Tuesday. Finally, Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Friday, December 20th.

Brookline Bancorp Price Performance

Shares of NASDAQ BRKL opened at $11.94 on Friday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 14.39 and a beta of 0.78. The stock has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $10.44. 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, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $88.67 million. During the same period in the previous year, the company posted $0.26 EPS. Analysts anticipate that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.52%. 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.