XTX Topco Ltd Buys New Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL)

XTX Topco Ltd purchased a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,757 shares of the bank’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wakefield Asset Management LLLP acquired a new stake in Brookline Bancorp in the 1st quarter valued at about $899,000. Jennison Associates LLC lifted its position in shares of Brookline Bancorp by 9.4% in the first quarter. Jennison Associates LLC now owns 4,917,763 shares of the bank’s stock valued at $48,981,000 after buying an additional 424,115 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Brookline Bancorp by 21.1% during the 2nd 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 during the period. Hsbc Holdings PLC acquired a new position in shares of Brookline Bancorp during the 4th quarter worth approximately $1,881,000. Finally, Inspire Advisors LLC bought a new stake in Brookline Bancorp in the 2nd quarter valued at $1,298,000. Institutional investors own 78.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective 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 3.1 %

Shares of BRKL stock opened at $9.78 on Wednesday. Brookline Bancorp, Inc. has a 12-month low of $7.93 and a 12-month high of $11.52. The company has a market capitalization of $869.39 million, a PE ratio of 10.52 and a beta of 0.78. The firm has a 50 day moving average price of $9.99 and a two-hundred day moving average price of $9.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.19.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. The business had revenue of $161.75 million during the quarter, compared to analysts’ expectations of $89.40 million. During the same period last year, the firm posted $0.26 EPS. As a group, analysts predict that Brookline Bancorp, Inc. will post 0.77 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.52%. Brookline Bancorp’s payout ratio is presently 58.06%.

Brookline Bancorp 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.