Versant Capital Management Inc Has $34,000 Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Versant Capital Management Inc raised its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 124.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,879 shares of the bank’s stock after purchasing an additional 1,595 shares during the quarter. Versant Capital Management Inc’s holdings in Brookline Bancorp were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Brookline Bancorp by 109.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after buying an additional 338,050 shares during the period. Assenagon Asset Management S.A. raised its stake in Brookline Bancorp by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock worth $6,484,000 after acquiring an additional 258,267 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Brookline Bancorp by 21.1% during the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock valued at $11,951,000 after acquiring an additional 249,113 shares during the period. AQR Capital Management LLC boosted its stake in shares of Brookline Bancorp by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock valued at $4,106,000 after purchasing an additional 158,329 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth about $1,298,000. 78.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Stock Performance

Brookline Bancorp stock opened at $11.74 on Tuesday. The stock has a 50-day simple moving average of $12.17 and a 200 day simple moving average of $10.64. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.14 and a beta of 0.79. 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, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its 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 net margin of 11.40% and a return on equity of 6.20%. The company had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, research analysts anticipate that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.135 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.60%. Brookline Bancorp’s payout ratio is 65.06%.

About Brookline Bancorp

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.