Short Interest in Brookline Bancorp, Inc. (NASDAQ:BRKL) Decreases By 34.6%

Brookline Bancorp, Inc. (NASDAQ:BRKL) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 732,200 shares, a decrease of 34.6% from the October 31st total of 1,120,000 shares. Based on an average daily trading volume, of 591,400 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Brookline Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EMC Capital Management raised its holdings in shares of Brookline Bancorp by 13.0% in the third quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock valued at $160,000 after purchasing an additional 1,819 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Brookline Bancorp by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank’s stock valued at $338,000 after purchasing an additional 2,002 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake 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 valued at $435,000 after buying an additional 2,097 shares during the last quarter. Captrust Financial Advisors lifted its position in Brookline Bancorp by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 64,734 shares of the bank’s stock worth $653,000 after buying an additional 2,730 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Brookline Bancorp by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,413 shares of the bank’s stock worth $742,000 after buying an additional 3,040 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Trading Down 1.2 %

BRKL traded down $0.15 during trading on Friday, reaching $12.59. 349,886 shares of the company’s stock were exchanged, compared to its average volume of 645,253. The company’s fifty day moving average price is $11.17 and its 200-day moving average price is $9.97. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $1.12 billion, a PE ratio of 15.17 and a beta of 0.76. Brookline Bancorp has a fifty-two week low of $8.01 and a fifty-two week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. The company had revenue of $165.91 million for the quarter, compared to analysts’ expectations of $88.67 million. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities analysts forecast that Brookline Bancorp will post 0.82 EPS for the current year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.135 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.29%. Brookline Bancorp’s dividend payout ratio (DPR) is 65.06%.

Brookline Bancorp Company Profile

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.