Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd lessened its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 30.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,632 shares of the bank’s stock after selling 4,232 shares during the period. Point72 DIFC Ltd’s holdings in Brookline Bancorp were worth $97,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Brookline Bancorp by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock valued at $6,484,000 after purchasing an additional 258,267 shares during the last quarter. American Century Companies Inc. lifted its stake in Brookline Bancorp by 21.1% during the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock valued at $11,951,000 after buying an additional 249,113 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Brookline Bancorp by 47.5% in the second quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock worth $4,106,000 after buying an additional 158,329 shares during the period. Inspire Advisors LLC purchased a new position in shares of Brookline Bancorp in the second quarter worth approximately $1,298,000. Finally, Bank of Montreal Can acquired a new stake in shares of Brookline Bancorp during the second quarter valued at approximately $1,042,000. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Trading Up 0.1 %

NASDAQ:BRKL opened at $12.62 on Monday. The stock has a market cap of $1.12 billion, a PE ratio of 15.20 and a beta of 0.78. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $11.42 and its two-hundred day moving average is $10.11.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating 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 firm had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities research analysts forecast that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.28%. Brookline Bancorp’s dividend payout ratio is 65.06%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $12.00 to $14.50 in a research note on Wednesday, December 4th.

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.