Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Brookline Bancorp, Inc. (NASDAQ:BRKLFree Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,091,845 shares of the bank’s stock after acquiring an additional 62,286 shares during the period. Charles Schwab Investment Management Inc. owned about 1.23% of Brookline Bancorp worth $11,912,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BRKL. Nisa Investment Advisors LLC raised its position in shares of Brookline Bancorp by 2,268.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,297 shares of the bank’s stock worth $25,000 after acquiring an additional 2,200 shares during the period. GAMMA Investing LLC acquired a new position in shares of Brookline Bancorp during the 4th quarter worth about $34,000. Fox Run Management L.L.C. acquired a new position in shares of Brookline Bancorp during the 3rd quarter worth about $106,000. Ieq Capital LLC acquired a new position in shares of Brookline Bancorp during the 3rd quarter worth about $110,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Brookline Bancorp during the 4th quarter worth about $134,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Stock Down 2.0 %

Shares of NASDAQ BRKL opened at $8.45 on Thursday. Brookline Bancorp, Inc. has a 12-month low of $7.93 and a 12-month high of $11.52. The stock has a market cap of $751.16 million, a PE ratio of 9.09 and a beta of 0.79. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $9.09 and a 200 day moving average of $9.78.

Brookline Bancorp (NASDAQ:BRKLGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). Brookline Bancorp had a net margin of 13.13% and a return on equity of 7.09%. The business had revenue of $87.87 million for the quarter, compared to analysts’ expectations of $91.77 million. As a group, sell-side analysts predict that Brookline Bancorp, Inc. will post 0.72 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.54 annualized dividend and a yield of 6.39%. Brookline Bancorp’s dividend payout ratio is presently 58.06%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $12.00 price target on shares of Brookline Bancorp in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods reduced their price target on shares of Brookline Bancorp from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.08.

Read Our Latest Analysis on Brookline Bancorp

Brookline Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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