27,394 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Bought by World Investment Advisors

World Investment Advisors acquired a new stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) in the 4th quarter, Holdings Channel reports. The firm acquired 27,394 shares of the bank’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of 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. BNP Paribas Financial Markets raised its position in Brookline Bancorp by 93.9% during the third quarter. BNP Paribas Financial Markets now owns 59,850 shares of the bank’s stock valued at $604,000 after purchasing an additional 28,988 shares during the period. Captrust Financial Advisors raised its position in Brookline Bancorp by 4.4% during the third quarter. Captrust Financial Advisors now owns 64,734 shares of the bank’s stock valued at $653,000 after purchasing an additional 2,730 shares during the period. State Street Corp lifted its stake in shares of Brookline Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank’s stock valued at $41,667,000 after purchasing an additional 21,345 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Brookline Bancorp by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank’s stock worth $1,988,000 after purchasing an additional 21,394 shares during the period. 78.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRKL has been the subject of a number of analyst reports. StockNews.com started coverage on Brookline Bancorp in a research report on Wednesday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lowered 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 report on Tuesday, December 24th. Finally, Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Friday, December 20th.

Brookline Bancorp Stock Performance

Shares of Brookline Bancorp stock opened at $9.63 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average is $11.39 and its two-hundred day moving average is $11.50. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a market capitalization of $858.08 million, a PE ratio of 12.51 and a beta of 0.71.

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

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 70.13%.

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.