Brookline Bancorp, Inc. (NASDAQ:BRKL) Stock Position Raised by Swiss National Bank

Swiss National Bank lifted its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL – Get Rating) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,200 shares of the bank’s stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank’s holdings in Brookline Bancorp were worth $2,621,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BRKL. Invesco Ltd. boosted its stake in shares of Brookline Bancorp by 125.5% during the 1st quarter. Invesco Ltd. now owns 1,055,528 shares of the bank’s stock worth $16,698,000 after acquiring an additional 587,460 shares in the last quarter. State Street Corp boosted its position in shares of Brookline Bancorp by 6.6% in the first quarter. State Street Corp now owns 3,390,965 shares of the bank’s stock worth $53,645,000 after buying an additional 210,204 shares during the period. BlackRock Inc. boosted its position in shares of Brookline Bancorp by 1.8% in the first quarter. BlackRock Inc. now owns 11,462,089 shares of the bank’s stock worth $181,333,000 after buying an additional 197,693 shares during the period. Vanguard Group Inc. boosted its position in shares of Brookline Bancorp by 2.2% in the first quarter. Vanguard Group Inc. now owns 8,620,069 shares of the bank’s stock worth $136,371,000 after buying an additional 182,361 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Brookline Bancorp by 81.3% in the third quarter. Citadel Advisors LLC now owns 342,598 shares of the bank’s stock worth $3,991,000 after buying an additional 153,611 shares during the period. 82.28% of the stock is owned by institutional investors.

Insider Activity at Brookline Bancorp

In other news, Director Bogdan Nowak acquired 25,000 shares of Brookline Bancorp stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $10.70 per share, with a total value of $267,500.00. Following the completion of the transaction, the director now owns 218,662 shares in the company, valued at $2,339,683.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Bogdan Nowak bought 25,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average cost of $10.70 per share, for a total transaction of $267,500.00. Following the completion of the acquisition, the director now directly owns 218,662 shares in the company, valued at $2,339,683.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Darryl J. Fess bought 5,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were bought at an average price of $8.43 per share, for a total transaction of $42,150.00. Following the completion of the acquisition, the chief executive officer now owns 65,500 shares of the company’s stock, valued at $552,165. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 45,000 shares of company stock valued at $471,910. Insiders own 2.89% of the company’s stock.

Brookline Bancorp Price Performance

BRKL opened at $8.75 on Wednesday. The stock has a market cap of $775.86 million, a price-to-earnings ratio of 7.29 and a beta of 0.67. Brookline Bancorp, Inc. has a 1 year low of $7.00 and a 1 year high of $15.50. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $9.61 and a 200 day moving average price of $12.10.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, May 11th. This represents a $0.54 dividend on an annualized basis and a yield of 6.17%. Brookline Bancorp’s payout ratio is 45.00%.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com assumed coverage on Brookline Bancorp in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Keefe, Bruyette & Woods decreased their target price on Brookline Bancorp from $15.00 to $13.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. Finally, TheStreet cut Brookline Bancorp from a “b” rating to a “c+” rating in a research report on Thursday, March 23rd.

Brookline Bancorp Company Profile

(Get Rating)

Brookline Bancorp, Inc is a multi-bank holding company that engages in the provision of financial solutions through its subsidiaries. The firm offers a range of commercial, business, and retail banking services, including cash management products, on-line banking services, consumer and residential loans, and investment services for small to mid-sized businesses and retail customers.