Jane Street Group LLC Increases Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Jane Street Group LLC increased its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKLFree Report) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,979 shares of the bank’s stock after acquiring an additional 21,394 shares during the period. Jane Street Group LLC owned approximately 0.22% of Brookline Bancorp worth $1,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock worth $11,951,000 after purchasing an additional 249,113 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Brookline Bancorp by 384.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,333 shares of the bank’s stock worth $599,000 after buying an additional 47,094 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Brookline Bancorp during the third quarter valued at about $432,000. Intech Investment Management LLC grew its stake in shares of Brookline Bancorp by 56.8% during the third quarter. Intech Investment Management LLC now owns 64,001 shares of the bank’s stock worth $646,000 after acquiring an additional 23,172 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Brookline Bancorp by 47.5% in the second quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock valued at $4,106,000 after purchasing an additional 158,329 shares during the period. 78.91% of the stock is currently owned by institutional investors.

Brookline Bancorp Trading Up 0.1 %

Shares of Brookline Bancorp stock opened at $11.96 on Wednesday. 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 company has a market capitalization of $1.07 billion, a P/E ratio of 14.41 and a beta of 0.78. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The company’s fifty day moving average is $11.97 and its two-hundred day moving average is $10.42.

Brookline Bancorp (NASDAQ:BRKLGet Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (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 firm had revenue of $165.91 million for the quarter, compared to analysts’ expectations of $88.67 million. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts forecast that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.135 per share. The ex-dividend date was Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.52%. Brookline Bancorp’s payout ratio is currently 65.06%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BRKL. Raymond James upgraded 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 report on Friday, December 20th. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price on the stock. in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.17.

Get Our Latest Research Report on Brookline Bancorp

Brookline Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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