Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Purchased by Keybank National Association OH

Keybank National Association OH raised its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,628 shares of the bank’s stock after acquiring an additional 7,864 shares during the quarter. Keybank National Association OH’s holdings in Brookline Bancorp were worth $291,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in 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 acquiring an additional 1,595 shares during the period. KBC Group NV lifted its holdings in Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,421 shares during the period. Captrust Financial Advisors lifted its holdings in Brookline Bancorp by 4.4% in the third quarter. Captrust Financial Advisors now owns 64,734 shares of the bank’s stock valued at $653,000 after acquiring an additional 2,730 shares during the period. FMR LLC lifted its holdings in Brookline Bancorp by 174.9% in the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,279 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Brookline Bancorp by 1.5% in the fourth quarter. Rhumbline Advisers now owns 276,256 shares of the bank’s stock valued at $3,260,000 after acquiring an additional 4,125 shares during the period. Institutional investors and hedge funds own 78.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BRKL. StockNews.com began coverage on Brookline Bancorp in a report on Saturday. They issued a “hold” rating for the company. Raymond James upgraded 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, Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target for the company. in a research report on Tuesday, December 24th.

Brookline Bancorp Trading Down 2.5 %

Shares of BRKL stock opened at $10.75 on Tuesday. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The stock has a market cap of $957.88 million, a P/E ratio of 13.96 and a beta of 0.78. The business has a fifty day simple moving average of $11.88 and a 200-day simple moving average of $11.42. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

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

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 5.02%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp’s dividend payout ratio 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.