Jefferies Financial Group Inc. Acquires Shares of 140,862 Brookline Bancorp, Inc. (NASDAQ:BRKL)

Jefferies Financial Group Inc. purchased a new stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 140,862 shares of the bank’s stock, valued at approximately $1,535,000. Jefferies Financial Group Inc. owned approximately 0.16% of Brookline Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BRKL. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brookline Bancorp by 16.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,994 shares of the bank’s stock valued at $207,000 after purchasing an additional 2,701 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Brookline Bancorp by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,172 shares of the bank’s stock valued at $536,000 after purchasing an additional 1,573 shares during the last quarter. Franklin Resources Inc. bought a new position in Brookline Bancorp in the 4th quarter valued at $710,000. Deutsche Bank AG grew its position in Brookline Bancorp by 55.9% in the 4th quarter. Deutsche Bank AG now owns 74,903 shares of the bank’s stock valued at $884,000 after acquiring an additional 26,856 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Brookline Bancorp in the 4th quarter worth $744,000. 78.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Brookline Bancorp Trading Down 1.3%

Shares of NASDAQ:BRKL opened at $10.19 on Monday. The business’s 50-day moving average is $10.65 and its 200 day moving average is $10.93. Brookline Bancorp, Inc. has a 1 year low of $9.24 and a 1 year high of $13.15. The firm has a market capitalization of $907.98 million, a P/E ratio of 11.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.10 and a quick ratio of 1.09.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $94.90 million. On average, research analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, August 8th. Brookline Bancorp’s dividend payout ratio is 60.67%.

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.