Brookline Bancorp, Inc. (NASDAQ:BRKL) Stake Lessened by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,629 shares of the bank’s stock after selling 1,399 shares during the quarter. Moors & Cabot Inc.’s holdings in Brookline Bancorp were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Inspire Advisors LLC boosted its position in Brookline Bancorp by 6.4% during the 4th quarter. Inspire Advisors LLC now owns 185,779 shares of the bank’s stock worth $2,192,000 after acquiring an additional 11,256 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Brookline Bancorp in the fourth quarter worth approximately $744,000. Keybank National Association OH boosted its holdings in shares of Brookline Bancorp by 46.9% during the fourth quarter. Keybank National Association OH now owns 24,628 shares of the bank’s stock worth $291,000 after purchasing an additional 7,864 shares during the period. Ieq Capital LLC grew its position in Brookline Bancorp by 327.8% during the fourth quarter. Ieq Capital LLC now owns 54,402 shares of the bank’s stock valued at $642,000 after purchasing an additional 41,685 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Brookline Bancorp by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 432,069 shares of the bank’s stock valued at $5,098,000 after buying an additional 12,999 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Up 2.0 %

Brookline Bancorp stock opened at $10.93 on Friday. The company has a market capitalization of $973.92 million, a P/E ratio of 14.19 and a beta of 0.78. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The firm’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $11.43. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 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, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 4.94%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 70.13%.

Analyst Upgrades and Downgrades

BRKL has been the topic of several research analyst reports. Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Friday, December 20th. Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price on the stock. in a research report on Tuesday, December 24th. Finally, StockNews.com started coverage on Brookline Bancorp in a research note on Sunday. They set a “hold” rating for the company.

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.