21,798 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,798 shares of the bank’s stock, valued at approximately $182,000.

A number of other large investors also recently bought and sold shares of BRKL. Jennison Associates LLC raised its stake in Brookline Bancorp by 9.4% during the first quarter. Jennison Associates LLC now owns 4,917,763 shares of the bank’s stock worth $48,981,000 after purchasing an additional 424,115 shares during the period. American Century Companies Inc. raised 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 worth $11,951,000 after purchasing an additional 249,113 shares during the period. Inspire Advisors LLC purchased a new position in Brookline Bancorp during the second quarter worth approximately $1,298,000. Bank of Montreal Can purchased a new position in Brookline Bancorp during the second quarter worth approximately $1,042,000. Finally, Wakefield Asset Management LLLP purchased a new position in Brookline Bancorp during the first quarter worth approximately $899,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Performance

Shares of BRKL stock opened at $10.21 on Friday. The company’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $9.34. Brookline Bancorp, Inc. has a 52 week low of $7.93 and a 52 week high of $11.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.19. The company has a market cap of $907.77 million, a PE ratio of 11.87 and a beta of 0.78.

Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, July 24th. The bank reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. The business had revenue of $161.75 million for the quarter, compared to the consensus estimate of $89.40 million. During the same quarter last year, the firm posted $0.26 EPS. As a group, equities research analysts anticipate that Brookline Bancorp, Inc. will post 0.77 EPS 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 paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Friday, August 16th. Brookline Bancorp’s dividend payout ratio is presently 62.79%.

Analysts Set New Price Targets

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

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.