Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Mayport LLC

Mayport LLC lessened its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 50.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,033 shares of the bank’s stock after selling 14,404 shares during the period. Mayport LLC’s holdings in Brookline Bancorp were worth $166,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BRKL. Versant Capital Management Inc lifted its holdings in Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after buying an additional 1,595 shares during the last quarter. FMR LLC increased its position in Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,279 shares during the period. KBC Group NV increased its position in shares of Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,421 shares during the period. Creative Planning acquired a new position in shares of Brookline Bancorp during the 3rd quarter valued at $103,000. Finally, Townsquare Capital LLC acquired a new position in shares of Brookline Bancorp during the 3rd quarter valued at $111,000. Institutional investors own 78.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brookline Bancorp Stock Down 1.0 %

NASDAQ:BRKL opened at $11.68 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market cap of $1.04 billion, a PE ratio of 15.17 and a beta of 0.79. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15. The stock has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $11.37.

Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.135 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 4.62%. Brookline Bancorp’s dividend payout ratio is presently 70.13%.

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.