Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,903,813 shares of the bank’s stock after acquiring an additional 276,025 shares during the period. American Century Companies Inc. owned about 2.14% of Brookline Bancorp worth $22,465,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BRKL. Versant Capital Management Inc boosted its position in Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after purchasing an additional 1,595 shares in the last quarter. FMR LLC boosted its position in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after buying an additional 3,279 shares in the last quarter. KBC Group NV grew its stake in 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 acquiring an additional 2,421 shares during the last quarter. Townsquare Capital LLC purchased a new position in Brookline Bancorp during the 3rd quarter valued at about $111,000. Finally, Semanteon Capital Management LP acquired a new position in Brookline Bancorp during the fourth quarter worth about $133,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Raymond James raised shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Friday, December 20th. Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target for the company. in a report on Tuesday, December 24th. Finally, StockNews.com assumed coverage on Brookline Bancorp in a research note on Monday, March 24th. They set a “hold” rating on the stock.

Brookline Bancorp Stock Down 1.9 %

Shares of NASDAQ BRKL opened at $10.91 on Monday. The firm has a market cap of $972.14 million, a P/E ratio of 14.17 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The firm’s 50 day moving average price is $11.67 and its 200 day moving average price is $11.51.

Brookline Bancorp (NASDAQ:BRKL) last announced 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 net margin of 10.51% and a return on equity of 5.94%. As a group, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 4.95%. Brookline Bancorp’s payout ratio is currently 70.13%.

About Brookline Bancorp

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.