Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 0.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,154,601 shares of the bank’s stock after selling 36,959 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Brookline Bancorp worth $43,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Inspire Advisors LLC acquired a new position in Brookline Bancorp during the second quarter worth approximately $1,298,000. American Century Companies Inc. increased its holdings in shares of Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock valued at $11,951,000 after purchasing an additional 249,113 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Brookline Bancorp by 38.0% in the second quarter. Texas Permanent School Fund Corp now owns 107,343 shares of the bank’s stock valued at $896,000 after buying an additional 29,568 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Brookline Bancorp by 123.7% in the second quarter. Quest Partners LLC now owns 75,626 shares of the bank’s stock valued at $631,000 after buying an additional 41,826 shares in the last quarter. Finally, CM Management LLC boosted its stake in shares of Brookline Bancorp by 5.6% in the second quarter. CM Management LLC now owns 190,000 shares of the bank’s stock valued at $1,586,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Analyst Ratings Changes

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

Brookline Bancorp Stock Up 1.3 %

BRKL opened at $10.09 on Tuesday. The business’s fifty day moving average is $10.00 and its two-hundred day moving average is $9.31. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $896.95 million, a price-to-earnings ratio of 10.85 and a beta of 0.78. Brookline Bancorp, Inc. has a one year low of $7.93 and a one year high of $11.52.

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

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.135 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.35%. Brookline Bancorp’s dividend payout ratio (DPR) is 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.