UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 30,642 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,901 shares of the bank’s stock after selling 30,642 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Brookline Bancorp worth $1,371,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BRKL. FMR LLC boosted its stake in shares of Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after acquiring an additional 3,279 shares during the last quarter. CWM LLC grew its holdings in Brookline Bancorp by 1,806.5% during the second quarter. CWM LLC now owns 8,827 shares of the bank’s stock valued at $74,000 after purchasing an additional 8,364 shares during the period. SG Americas Securities LLC purchased a new stake in Brookline Bancorp in the second quarter worth about $102,000. Creative Planning bought a new position in shares of Brookline Bancorp in the third quarter worth about $103,000. Finally, Townsquare Capital LLC purchased a new position in shares of Brookline Bancorp during the 3rd quarter valued at about $111,000. 78.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $12.00 to $14.50 in a report on Wednesday, December 4th.

Brookline Bancorp Stock Down 3.0 %

BRKL opened at $12.12 on Wednesday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 14.60 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average is $11.81 and its 200 day moving average is $10.30. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week 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, beating the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The business had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts forecast that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.46%. 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.