Brookline Bancorp, Inc. (NASDAQ:BRKL) Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKLGet Rating) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,012 shares of the bank’s stock after purchasing an additional 882 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brookline Bancorp were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRKL. Raymond James & Associates grew its position in Brookline Bancorp by 15.2% during the 1st quarter. Raymond James & Associates now owns 28,182 shares of the bank’s stock worth $446,000 after purchasing an additional 3,722 shares in the last quarter. American Century Companies Inc. grew its position in Brookline Bancorp by 85.6% during the 1st quarter. American Century Companies Inc. now owns 146,549 shares of the bank’s stock worth $2,318,000 after purchasing an additional 67,582 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Brookline Bancorp by 5.0% during the 1st quarter. Citigroup Inc. now owns 68,504 shares of the bank’s stock valued at $1,083,000 after acquiring an additional 3,284 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Brookline Bancorp during the 1st quarter valued at $263,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Brookline Bancorp by 51.6% during the 1st quarter. MetLife Investment Management LLC now owns 40,709 shares of the bank’s stock valued at $644,000 after acquiring an additional 13,854 shares in the last quarter. 82.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on BRKL. Piper Sandler lowered their price target on shares of Brookline Bancorp to $14.50 in a report on Wednesday, October 5th. Raymond James began coverage on shares of Brookline Bancorp in a report on Tuesday, December 20th. They set a “market perform” rating on the stock. Compass Point boosted their price target on shares of Brookline Bancorp to $20.00 in a report on Tuesday, November 1st. Finally, StockNews.com began coverage on shares of Brookline Bancorp in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Brookline Bancorp Trading Down 0.6 %

Shares of NASDAQ:BRKL opened at $13.56 on Wednesday. The stock has a market capitalization of $1.04 billion, a PE ratio of 9.62 and a beta of 0.72. Brookline Bancorp, Inc. has a 1 year low of $11.59 and a 1 year high of $17.73. The firm has a fifty day moving average price of $13.80 and a 200 day moving average price of $13.35. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79.

Brookline Bancorp (NASDAQ:BRKLGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $81.70 million. Brookline Bancorp had a net margin of 31.14% and a return on equity of 11.24%. Analysts expect that Brookline Bancorp, Inc. will post 1.44 EPS for the current fiscal year.

Brookline Bancorp Company Profile

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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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