Los Angeles Capital Management & Equity Research Inc. Has $253,000 Stake in Brookline Bancorp, Inc. (BRKL)

Los Angeles Capital Management & Equity Research Inc. held its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,194 shares of the bank’s stock at the end of the first quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Brookline Bancorp were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Brookline Bancorp by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 2,277,891 shares of the bank’s stock valued at $35,648,000 after buying an additional 24,588 shares during the last quarter. State Street Corp boosted its stake in Brookline Bancorp by 9.5% in the fourth quarter. State Street Corp now owns 2,086,950 shares of the bank’s stock valued at $34,229,000 after buying an additional 181,257 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Brookline Bancorp by 18.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,118,600 shares of the bank’s stock valued at $18,345,000 after buying an additional 173,100 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Brookline Bancorp by 1.1% in the first quarter. Ameriprise Financial Inc. now owns 989,090 shares of the bank’s stock valued at $15,480,000 after buying an additional 10,624 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Brookline Bancorp by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,821 shares of the bank’s stock valued at $16,053,000 after buying an additional 6,409 shares during the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

Shares of Brookline Bancorp, Inc. (BRKL) opened at 14.60 on Tuesday. The firm has a 50 day moving average price of $14.21 and a 200 day moving average price of $15.32. The stock has a market cap of $1.12 billion, a PE ratio of 19.47 and a beta of 0.95. Brookline Bancorp, Inc. has a 12-month low of $10.40 and a 12-month high of $17.45.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, April 26th. The bank reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $69 million for the quarter, compared to the consensus estimate of $56.36 million. Brookline Bancorp had a return on equity of 7.54% and a net margin of 19.19%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. On average, equities analysts expect that Brookline Bancorp, Inc. will post $0.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.47%. Brookline Bancorp’s dividend payout ratio is currently 48.00%.

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Separately, Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.00 to $16.50 in a report on Thursday, April 27th.

In other news, Director John M. Pereira bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $145,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael W. Mccurdy sold 4,895 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $14.20, for a total value of $69,509.00. The disclosure for this sale can be found here. 2.85% of the stock is currently owned by insiders.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BRKL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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