Brookline Bancorp, Inc. (NASDAQ:BRKL) Short Interest Update

Brookline Bancorp, Inc. (NASDAQ:BRKL) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,120,000 shares, a decrease of 10.4% from the October 15th total of 1,250,000 shares. Based on an average daily volume of 597,600 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Brookline Bancorp

A number of hedge funds have recently made changes to their positions in BRKL. American Century Companies Inc. boosted its holdings in Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock worth $11,951,000 after acquiring an additional 249,113 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Brookline Bancorp by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock worth $4,106,000 after acquiring an additional 158,329 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Brookline Bancorp in the second quarter valued at approximately $1,298,000. Hennion & Walsh Asset Management Inc. increased its holdings in Brookline Bancorp by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 52,099 shares of the bank’s stock worth $435,000 after acquiring an additional 2,097 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Brookline Bancorp by 67.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock worth $6,484,000 after purchasing an additional 258,267 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on shares of Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

Brookline Bancorp Trading Down 0.8 %

Shares of NASDAQ:BRKL traded down $0.10 during trading on Friday, reaching $12.41. 537,929 shares of the company were exchanged, compared to its average volume of 660,023. Brookline Bancorp has a 12-month low of $8.01 and a 12-month high of $13.15. The firm has a market capitalization of $1.11 billion, a PE ratio of 14.95 and a beta of 0.76. The business’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $9.71. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The firm had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same period in the previous year, the company posted $0.26 earnings per share. On average, research analysts anticipate that Brookline Bancorp will post 0.82 EPS for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.35%. Brookline Bancorp’s dividend payout ratio is presently 65.06%.

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.