Victory Capital Management Inc. Has $256,000 Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Victory Capital Management Inc. cut its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,363 shares of the bank’s stock after selling 4,068 shares during the quarter. Victory Capital Management Inc.’s holdings in Brookline Bancorp were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aigen Investment Management LP increased its stake in shares of Brookline Bancorp by 136.3% in the third quarter. Aigen Investment Management LP now owns 27,643 shares of the bank’s stock valued at $279,000 after buying an additional 15,946 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Brookline Bancorp in the third quarter valued at $122,000. Mayflower Financial Advisors LLC increased its stake in shares of Brookline Bancorp by 38.1% in the third quarter. Mayflower Financial Advisors LLC now owns 16,318 shares of the bank’s stock valued at $165,000 after buying an additional 4,500 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Brookline Bancorp in the third quarter valued at $153,000. Finally, EMC Capital Management increased its position in Brookline Bancorp by 13.0% in the third quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock worth $160,000 after purchasing an additional 1,819 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp Price Performance

Shares of BRKL stock opened at $12.59 on Friday. The stock has a 50-day moving average price of $11.17 and a 200 day moving average price of $9.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.17 and a beta of 0.76. Brookline Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $165.91 million during the quarter, compared to analyst estimates of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same period last year, the company earned $0.26 earnings per share. Research analysts expect that Brookline Bancorp, Inc. will post 0.82 EPS for the current year.

Brookline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given 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 4.29%. Brookline Bancorp’s payout ratio is 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.