Cwm LLC Grows Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Cwm LLC increased its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 143.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,513 shares of the bank’s stock after purchasing an additional 12,686 shares during the period. Cwm LLC’s holdings in Brookline Bancorp were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in BRKL. EntryPoint Capital LLC bought a new stake in Brookline Bancorp during the first quarter valued at approximately $47,000. SG Americas Securities LLC bought a new stake in Brookline Bancorp during the second quarter valued at approximately $102,000. XTX Topco Ltd bought a new position in shares of Brookline Bancorp in the second quarter worth approximately $115,000. Point72 DIFC Ltd bought a new position in shares of Brookline Bancorp in the second quarter worth approximately $116,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Brookline Bancorp in the second quarter worth approximately $120,000. 78.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Brookline Bancorp Trading Up 0.7 %

BRKL stock opened at $10.45 on Wednesday. The company has a market capitalization of $928.95 million, a PE ratio of 11.24 and a beta of 0.78. Brookline Bancorp, Inc. has a 12 month low of $7.93 and a 12 month high of $11.52. The firm’s 50-day moving average is $10.04 and its 200 day moving average is $9.37. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.11 and a quick ratio of 1.11.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. The company had revenue of $161.75 million for the quarter, compared to the consensus estimate of $89.40 million. During the same quarter last year, the firm posted $0.26 EPS. On average, research analysts anticipate that Brookline Bancorp, Inc. will post 0.77 EPS for the current year.

Brookline Bancorp Company 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.