Arizona State Retirement System boosted its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 224.4% during the fourth quarter, Holdings Channel reports. The fund owned 128,832 shares of the bank’s stock after acquiring an additional 89,113 shares during the period. Arizona State Retirement System’s holdings in Brookline Bancorp were worth $2,023,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of BRKL. Sei Investments Co. acquired a new stake in Brookline Bancorp in the 3rd quarter valued at about $197,000. Crossmark Global Holdings Inc. acquired a new stake in Brookline Bancorp in the 3rd quarter valued at about $252,000. New England Research & Management Inc. acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $254,000. Trexquant Investment LP acquired a new stake in Brookline Bancorp in the 3rd quarter valued at about $367,000. Finally, Aries Wealth Management acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $372,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John L. Hall II purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were bought at an average cost of $15.48 per share, with a total value of $309,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles H. Peck sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total transaction of $164,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,500 shares of company stock worth $784,850 over the last ninety days. 2.85% of the stock is owned by corporate insiders.
Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at $17.05 on Friday. The company has a market cap of $1,350.00, a PE ratio of 21.58 and a beta of 0.91. Brookline Bancorp, Inc. has a 12 month low of $13.60 and a 12 month high of $17.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $63.47 million for the quarter, compared to analysts’ expectations of $61.22 million. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. During the same period in the prior year, the company earned $0.19 EPS. equities analysts anticipate that Brookline Bancorp, Inc. will post 1.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. Brookline Bancorp’s dividend payout ratio is currently 45.57%.
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About Brookline Bancorp
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.
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