Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,084 shares of the bank’s stock after selling 1,009 shares during the period. Yousif Capital Management LLC’s holdings in Brookline Bancorp were worth $402,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Brookline Bancorp by 7.7% in the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock valued at $36,974,000 after buying an additional 224,888 shares in the last quarter. KBC Group NV boosted its position in shares of Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after acquiring an additional 2,421 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Brookline Bancorp by 36.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank’s stock worth $10,369,000 after purchasing an additional 236,066 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,595 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Brookline Bancorp by 109.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after purchasing an additional 338,050 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp Stock Down 1.1 %

Shares of NASDAQ BRKL opened at $12.18 on Tuesday. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The stock’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $11.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 15.82 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. As a group, equities analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, February 14th. Brookline Bancorp’s payout ratio is 70.13%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com began coverage on shares of Brookline Bancorp in a research note on Wednesday, February 12th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price for the company. in a research note on Tuesday, December 24th. Finally, Raymond James raised Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report on Friday, December 20th.

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.