New York State Teachers Retirement System Reduces Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

New York State Teachers Retirement System lessened its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,255 shares of the bank’s stock after selling 5,009 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of Brookline Bancorp worth $1,714,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after buying an additional 1,595 shares during the period. FMR LLC lifted its holdings in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after buying an additional 3,279 shares during the period. 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. Creative Planning acquired a new stake in shares of Brookline Bancorp in the 3rd quarter valued at approximately $103,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Brookline Bancorp in the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Trading Down 1.9 %

NASDAQ:BRKL opened at $11.66 on Friday. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15. The firm has a market capitalization of $1.04 billion, a P/E ratio of 15.14 and a beta of 0.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The business has a 50 day simple moving average of $11.99 and a 200 day simple moving average of $11.27.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. Equities research analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.135 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.63%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 70.13%.

Analyst Ratings Changes

Several research firms have weighed in on BRKL. StockNews.com began coverage on Brookline Bancorp in a report on Thursday. They issued a “hold” rating on the stock. Raymond James raised 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. Finally, Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price on the stock. in a report on Tuesday, December 24th.

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.