Goldman Sachs Group Inc. grew its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,526,091 shares of the bank’s stock after acquiring an additional 137,619 shares during the quarter. Goldman Sachs Group Inc. owned about 3.17% of Brookline Bancorp worth $41,579,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of BRKL. Renaissance Technologies LLC increased its stake in shares of Brookline Bancorp by 7.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,959,600 shares of the bank’s stock worth $32,255,000 after acquiring an additional 138,960 shares during the last quarter. Millennium Management LLC increased its stake in shares of Brookline Bancorp by 57.2% in the 3rd quarter. Millennium Management LLC now owns 366,130 shares of the bank’s stock worth $5,393,000 after acquiring an additional 133,162 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Brookline Bancorp by 5.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,547,943 shares of the bank’s stock worth $41,939,000 after acquiring an additional 128,411 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Brookline Bancorp in the 4th quarter worth $1,635,000. Finally, State Street Corp increased its stake in shares of Brookline Bancorp by 2.6% in the 4th quarter. State Street Corp now owns 2,642,203 shares of the bank’s stock worth $43,491,000 after acquiring an additional 66,757 shares during the last quarter. 81.45% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on BRKL. BidaskClub downgraded Brookline Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. ValuEngine raised Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. TheStreet downgraded Brookline Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, March 16th. Finally, Zacks Investment Research downgraded Brookline Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.67.
Shares of NASDAQ:BRKL opened at $10.69 on Thursday. The business has a 50-day moving average price of $13.65 and a 200 day moving average price of $15.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $869.47 million, a price-to-earnings ratio of 9.72 and a beta of 0.93. Brookline Bancorp, Inc. has a 12-month low of $9.62 and a 12-month high of $16.96.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, January 29th. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $71.69 million during the quarter, compared to the consensus estimate of $71.56 million. Brookline Bancorp had a return on equity of 9.56% and a net margin of 23.24%. As a group, equities research analysts predict that Brookline Bancorp, Inc. will post 0.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Thursday, February 13th. Brookline Bancorp’s dividend payout ratio is currently 41.82%.
In other Brookline Bancorp news, Director Charles H. Peck sold 10,000 shares of Brookline Bancorp stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.35, for a total value of $163,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 24,000 shares of company stock valued at $373,700. 2.54% of the stock is currently owned by corporate insiders.
Brookline Bancorp Profile
Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits.
Recommended Story: How to build a Fibonacci channel
Want to see what other hedge funds are holding BRKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookline Bancorp, Inc. (NASDAQ:BRKL).
Receive News & Ratings for Brookline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.