Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,935 shares of the bank’s stock after purchasing an additional 5,274 shares during the period. Stifel Financial Corp’s holdings in Brookline Bancorp were worth $495,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Brookline Bancorp by 99.8% in the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock valued at $2,149,000 after acquiring an additional 106,345 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Brookline Bancorp in the 4th quarter valued at approximately $710,000. Jennison Associates LLC lifted its position in shares of Brookline Bancorp by 7.7% in the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock valued at $36,974,000 after acquiring an additional 224,888 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Brookline Bancorp by 17.0% in the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank’s stock valued at $22,465,000 after acquiring an additional 276,025 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Brookline Bancorp by 96.2% in the 4th quarter. Intech Investment Management LLC now owns 125,592 shares of the bank’s stock valued at $1,482,000 after acquiring an additional 61,591 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Brookline Bancorp in a research report on Sunday. They issued a “hold” rating for the company.

Brookline Bancorp Stock Up 4.1%

Brookline Bancorp stock opened at $10.98 on Tuesday. The firm has a market cap of $987.76 million, a PE ratio of 14.26 and a beta of 0.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The firm’s 50 day moving average price is $10.48 and its two-hundred day moving average price is $11.51. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15.

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

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 4.92%. Brookline Bancorp’s dividend payout ratio is presently 65.85%.

Brookline Bancorp Company 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.