First Trust Advisors LP Has $860,000 Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

First Trust Advisors LP grew its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,906 shares of the bank’s stock after acquiring an additional 4,087 shares during the quarter. First Trust Advisors LP owned 0.08% of Brookline Bancorp worth $860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sterling Capital Management LLC increased its position in Brookline Bancorp by 805.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock worth $33,000 after purchasing an additional 2,513 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Brookline Bancorp during the fourth quarter worth $72,000. KBC Group NV lifted its stake in shares of Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,421 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Brookline Bancorp during the 4th quarter valued at $133,000. Finally, Bank of Montreal Can acquired a new position in Brookline Bancorp in the 4th quarter worth about $138,000. Institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Performance

Shares of Brookline Bancorp stock opened at $10.75 on Friday. The stock has a market cap of $967.16 million, a price-to-earnings ratio of 13.96 and a beta of 0.88. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The company’s fifty day moving average is $10.50 and its 200 day moving average is $11.50. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL) last released 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). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. The company had revenue of $91.49 million during the quarter, compared to the consensus estimate of $91.38 million. Sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 5.02%. Brookline Bancorp’s payout ratio is 65.85%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Brookline Bancorp in a report on Saturday, May 3rd. They set a “hold” rating on the stock.

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.