Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,052 shares of the bank’s stock after selling 6,732 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brookline Bancorp were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EMC Capital Management increased its position in shares of Brookline Bancorp by 13.0% in the 3rd quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock valued at $160,000 after acquiring an additional 1,819 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Brookline Bancorp by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank’s stock worth $338,000 after purchasing an additional 2,002 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Brookline Bancorp by 4.2% in the second 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 increased its holdings in Brookline Bancorp by 4.4% in 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 during the period. Finally, FMR LLC lifted its stake in Brookline Bancorp by 174.9% during the 3rd 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. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Trading Down 0.6 %

Shares of NASDAQ:BRKL opened at $12.49 on Tuesday. The company has a market capitalization of $1.11 billion, a PE ratio of 15.05 and a beta of 0.78. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15. The business has a 50 day moving average of $11.76 and a two-hundred day moving average of $10.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $88.67 million. During the same quarter last year, the business earned $0.26 earnings per share. As a group, analysts forecast that Brookline Bancorp, Inc. will post 0.82 EPS for the current year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.32%. Brookline Bancorp’s dividend payout ratio is currently 65.06%.

Wall Street Analyst Weigh In

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

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.