Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,244 shares of the bank’s stock after selling 6,954 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Brookline Bancorp worth $1,638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BRKL. Sterling Capital Management LLC increased its position 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 worth $33,000 after purchasing an additional 2,513 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in Brookline Bancorp during the fourth quarter worth approximately $35,000. Focus Partners Wealth acquired a new position in Brookline Bancorp during the fourth quarter worth approximately $121,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Brookline Bancorp in the fourth quarter valued at approximately $129,000. Finally, Bank of Montreal Can acquired a new stake in shares of Brookline Bancorp in the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Price Performance

Shares of BRKL opened at $10.32 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.09 and a current ratio of 1.10. Brookline Bancorp, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $13.15. The firm has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $10.96. The company has a market capitalization of $919.62 million, a price-to-earnings ratio of 11.60 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Brookline Bancorp had a return on equity of 6.69% and a net margin of 12.12%. The firm had revenue of $94.66 million during the quarter, compared to the consensus estimate of $94.90 million. On average, equities research analysts anticipate 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, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.54 annualized dividend and a dividend yield of 5.2%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 60.67%.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of Brookline Bancorp in a report on Monday, May 19th. They issued a “hold” rating on the stock.

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.