Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,000 shares of the bank’s stock after selling 1,000 shares during the period. SeaCrest Wealth Management LLC’s holdings in Brookline Bancorp were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Brookline Bancorp in the first quarter valued at about $47,000. CWM LLC raised its stake in shares of Brookline Bancorp by 1,806.5% during the 2nd quarter. CWM LLC now owns 8,827 shares of the bank’s stock worth $74,000 after buying an additional 8,364 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Brookline Bancorp in the 2nd quarter valued at approximately $102,000. Creative Planning purchased a new stake in shares of Brookline Bancorp in the third quarter valued at approximately $103,000. Finally, XTX Topco Ltd acquired a new position in Brookline Bancorp during the second quarter worth $115,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Price Performance

BRKL stock opened at $10.76 on Friday. The company has a market cap of $956.51 million, a price-to-earnings ratio of 11.57 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $9.37. Brookline Bancorp, Inc. has a 12-month low of $7.93 and a 12-month high of $11.52.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $161.75 million during the quarter, compared to analysts’ expectations of $89.40 million. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that Brookline Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, August 16th. This represents a $0.54 annualized dividend and a yield of 5.02%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 58.06%.

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.