Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 8.5% in the 3rd quarter, Holdings Channel reports. The fund owned 13,373 shares of the bank’s stock after selling 1,239 shares during the period. Mutual of America Capital Management LLC’s holdings in Brookline Bancorp were worth $135,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BRKL. EMC Capital Management boosted its stake in shares of Brookline Bancorp by 13.0% in the third quarter. EMC Capital Management now owns 15,829 shares of the bank’s stock valued at $160,000 after buying an additional 1,819 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 2,002 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Brookline Bancorp by 4.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 52,099 shares of the bank’s stock worth $435,000 after purchasing an additional 2,097 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Brookline Bancorp by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,413 shares of the bank’s stock worth $742,000 after purchasing an additional 3,040 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Brookline Bancorp by 7.1% in the 2nd quarter. Sei Investments Co. now owns 51,037 shares of the bank’s stock valued at $426,000 after purchasing an additional 3,397 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Stock Down 1.2 %

Shares of NASDAQ BRKL opened at $12.59 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.12 and a beta of 0.76. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The firm has a 50-day moving average price of $11.12 and a 200 day moving average price of $9.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. During the same period last year, the firm earned $0.26 EPS. Equities research analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.29%. Brookline Bancorp’s dividend payout ratio is presently 65.06%.

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.