Rhumbline Advisers Acquires 4,125 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Rhumbline Advisers raised its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,256 shares of the bank’s stock after acquiring an additional 4,125 shares during the quarter. Rhumbline Advisers owned about 0.31% of Brookline Bancorp worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in shares of Brookline Bancorp by 124.2% in the fourth 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 in the last quarter. FMR LLC grew its holdings in Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after buying an additional 3,279 shares in the last quarter. KBC Group NV grew its holdings in Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after buying an additional 2,421 shares in the last quarter. Creative Planning bought a new stake in shares of Brookline Bancorp during the third quarter valued at about $103,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Brookline Bancorp in the third quarter worth about $111,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Trading Up 0.9 %

Shares of BRKL opened at $11.80 on Friday. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The company has a market capitalization of $1.05 billion, a P/E ratio of 15.32 and a beta of 0.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $11.35.

Brookline Bancorp (NASDAQ:BRKL) last posted 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%. Sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.58%. Brookline Bancorp’s payout ratio is 70.13%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective for the company. in a research note on Tuesday, December 24th. Raymond James upgraded shares of 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. Finally, StockNews.com assumed coverage on Brookline Bancorp in a research report on Friday. They issued a “hold” rating on the stock.

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.