XTX Topco Ltd Acquires 12,173 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

XTX Topco Ltd increased its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 88.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,930 shares of the bank’s stock after buying an additional 12,173 shares during the period. XTX Topco Ltd’s holdings in Brookline Bancorp were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Brookline Bancorp by 174.9% in 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. Creative Planning bought a new stake in Brookline Bancorp during the third quarter valued at about $103,000. Townsquare Capital LLC purchased a new position in Brookline Bancorp in the third quarter valued at about $111,000. Alta Wealth Advisors LLC bought a new position in Brookline Bancorp in the third quarter worth about $117,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brookline Bancorp during the third quarter valued at about $118,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Down 4.0 %

Shares of BRKL stock opened at $11.64 on Thursday. The stock’s fifty day moving average price is $11.84 and its 200 day moving average price is $10.31. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 14.02 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last issued 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 return on equity of 6.20% and a net margin of 11.40%. The business had revenue of $165.91 million for the quarter, compared to analyst estimates of $88.67 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, research analysts expect that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.64%. Brookline Bancorp’s payout ratio is 65.06%.

Analyst Ratings Changes

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