6,120 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Purchased by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. purchased a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,120 shares of the bank’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Brookline Bancorp by 99.8% in the third quarter. Barclays PLC now owns 212,904 shares of the bank’s stock valued at $2,149,000 after purchasing an additional 106,345 shares during the period. Jane Street Group LLC increased its stake in Brookline Bancorp by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank’s stock valued at $1,988,000 after buying an additional 21,394 shares during the period. Jennison Associates LLC raised its position in Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock worth $36,974,000 after buying an additional 224,888 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Brookline Bancorp by 109.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after acquiring an additional 338,050 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Brookline Bancorp by 96.2% in the fourth quarter. Intech Investment Management LLC now owns 125,592 shares of the bank’s stock valued at $1,482,000 after acquiring an additional 61,591 shares in the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BRKL. Raymond James raised 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 report on Friday, December 20th. StockNews.com started coverage on Brookline Bancorp in a research note on Monday, March 24th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a report on Tuesday, December 24th.

Brookline Bancorp Stock Down 1.9 %

BRKL stock opened at $10.91 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $11.67 and its 200 day moving average price is $11.51. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a market cap of $972.14 million, a P/E ratio of 14.17 and a beta of 0.78.

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

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s dividend payout ratio is currently 70.13%.

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.