Creative Planning Acquires Shares of 10,188 Brookline Bancorp, Inc. (NASDAQ:BRKL)

Creative Planning bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,188 shares of the bank’s stock, valued at approximately $103,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Brookline Bancorp by 58.7% in the first quarter. BNP Paribas Financial Markets now owns 61,475 shares of the bank’s stock valued at $612,000 after buying an additional 22,749 shares in the last quarter. Sei Investments Co. raised its holdings in Brookline Bancorp by 26.2% in the 1st quarter. Sei Investments Co. now owns 47,640 shares of the bank’s stock worth $474,000 after purchasing an additional 9,878 shares during the period. ProShare Advisors LLC raised its holdings in Brookline Bancorp by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 17,640 shares of the bank’s stock worth $176,000 after purchasing an additional 1,223 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Brookline Bancorp by 126.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 56,337 shares of the bank’s stock valued at $592,000 after purchasing an additional 31,410 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Brookline Bancorp by 0.5% in the first quarter. Vanguard Group Inc. now owns 10,145,485 shares of the bank’s stock valued at $101,049,000 after buying an additional 54,211 shares in the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Brookline Bancorp Trading Up 0.1 %

Shares of BRKL opened at $12.77 on Wednesday. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $12.94. The stock has a market cap of $1.14 billion, a PE ratio of 15.39 and a beta of 0.76. The firm’s fifty day moving average is $10.53 and its two-hundred day moving average is $9.63. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $165.91 million during the quarter, compared to analysts’ expectations of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same quarter last year, the firm earned $0.26 earnings per share. Research analysts forecast that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.23%. Brookline Bancorp’s payout ratio is currently 65.06%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

Brookline Bancorp 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.