LPL Financial LLC Acquires 1,323 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

LPL Financial LLC lifted its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,073 shares of the bank’s stock after acquiring an additional 1,323 shares during the period. LPL Financial LLC’s holdings in Brookline Bancorp were worth $508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in Brookline Bancorp by 99.8% during the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock worth $2,149,000 after purchasing an additional 106,345 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Brookline Bancorp by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank’s stock valued at $21,084,000 after buying an additional 26,714 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Brookline Bancorp by 109.4% during the third quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock valued at $6,529,000 after buying an additional 338,050 shares during the last quarter. Versant Capital Management Inc grew its holdings in Brookline Bancorp by 124.2% during the fourth 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 in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Brookline Bancorp by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank’s stock valued at $10,369,000 after buying an additional 236,066 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Brookline Bancorp in a report on Friday. They set a “hold” rating on the stock.

Brookline Bancorp Price Performance

Brookline Bancorp stock opened at $10.44 on Friday. The stock has a market cap of $939.18 million, a P/E ratio of 13.56 and a beta of 0.71. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average price is $10.75 and its two-hundred day moving average price is $11.48. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $91.49 million for the quarter, compared to the consensus estimate of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, equities analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 5.17%. Brookline Bancorp’s payout ratio is currently 70.13%.

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.