Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 60.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,438 shares of the bank’s stock after purchasing an additional 2,421 shares during the quarter. KBC Group NV’s holdings in Brookline Bancorp were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Brookline Bancorp during the second quarter worth about $182,000. The Manufacturers Life Insurance Company boosted its holdings in Brookline Bancorp by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank’s stock valued at $338,000 after purchasing an additional 2,002 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Brookline Bancorp by 118.5% during the 3rd quarter. SG Americas Securities LLC now owns 26,779 shares of the bank’s stock worth $270,000 after buying an additional 14,521 shares during the last quarter. CWM LLC lifted its holdings in Brookline Bancorp by 143.7% during the 3rd quarter. CWM LLC now owns 21,513 shares of the bank’s stock worth $217,000 after buying an additional 12,686 shares during the last quarter. Finally, Creative Planning bought a new position in Brookline Bancorp during the 3rd quarter worth approximately $103,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BRKL shares. Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a research report on Tuesday, December 24th. StockNews.com started coverage on Brookline Bancorp in a research note on Tuesday, February 4th. They set a “hold” rating for the company. Finally, Raymond James raised Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Friday, December 20th.

Brookline Bancorp Stock Performance

Shares of NASDAQ BRKL opened at $12.52 on Monday. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15. The business’s 50-day moving average price is $12.08 and its two-hundred day moving average price is $11.14. The company has a market capitalization of $1.12 billion, a P/E ratio of 16.26 and a beta of 0.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. Analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.31%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 70.13%.

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.