Brookline Bancorp, Inc. (NASDAQ:BRKL) Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,022 shares of the bank’s stock after selling 970 shares during the quarter. California State Teachers Retirement System owned 0.09% of Brookline Bancorp worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BRKL. Sterling Capital Management LLC grew its holdings in shares of Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock valued at $33,000 after buying an additional 2,513 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in shares of Brookline Bancorp during the fourth quarter valued at $35,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Brookline Bancorp during the fourth quarter valued at $72,000. Focus Partners Wealth acquired a new stake in Brookline Bancorp during the fourth quarter valued at $121,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Brookline Bancorp during the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Price Performance

NASDAQ BRKL opened at $10.65 on Wednesday. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. 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 stock has a market capitalization of $948.97 million, a PE ratio of 13.83 and a beta of 0.89. The stock has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $11.31.

Brookline Bancorp (NASDAQ:BRKL) last posted 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). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The business had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million. Research analysts anticipate 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 was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 5.07%. Brookline Bancorp’s dividend payout ratio is 65.85%.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Brookline Bancorp in a research report on Monday, May 19th. They set a “hold” rating for the company.

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.