Geode Capital Management LLC Sells 39,628 Shares of Brookline Bancorp, Inc. (BRKL)

Geode Capital Management LLC decreased its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 691,661 shares of the bank’s stock after selling 39,628 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Brookline Bancorp worth $10,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. boosted its holdings in Brookline Bancorp by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,024,839 shares of the bank’s stock worth $63,190,000 after purchasing an additional 210,941 shares during the last quarter. BlackRock Inc. raised its position in Brookline Bancorp by 2.7% during the fourth quarter. BlackRock Inc. now owns 9,902,830 shares of the bank’s stock worth $155,474,000 after acquiring an additional 260,424 shares in the last quarter. Bank of New York Mellon Corp raised its position in Brookline Bancorp by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,655,813 shares of the bank’s stock worth $25,997,000 after acquiring an additional 12,299 shares in the last quarter. Rhumbline Advisers raised its position in Brookline Bancorp by 15.0% during the fourth quarter. Rhumbline Advisers now owns 180,163 shares of the bank’s stock worth $2,829,000 after acquiring an additional 23,433 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Brookline Bancorp by 224.4% during the fourth quarter. Arizona State Retirement System now owns 128,832 shares of the bank’s stock worth $2,023,000 after acquiring an additional 89,113 shares in the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several analysts have issued reports on the stock. BidaskClub lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $16.50 price target on shares of Brookline Bancorp in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.33.

In other news, Director John A. Hackett sold 5,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $16.25, for a total value of $81,250.00. Following the transaction, the director now directly owns 31,500 shares of the company’s stock, valued at $511,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James M. Cosman sold 12,500 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $16.76, for a total transaction of $209,500.00. The disclosure for this sale can be found here. Insiders have sold 47,500 shares of company stock worth $784,850 over the last ninety days. Insiders own 2.85% of the company’s stock.

NASDAQ BRKL opened at $16.10 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. Brookline Bancorp, Inc. has a 1 year low of $13.60 and a 1 year high of $17.20. The firm has a market cap of $1,236.91, a price-to-earnings ratio of 20.13 and a beta of 0.90.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. The firm had revenue of $63.47 million for the quarter, compared to analyst estimates of $61.22 million. During the same period in the prior year, the firm posted $0.19 earnings per share. equities research analysts anticipate that Brookline Bancorp, Inc. will post 1.05 EPS for the current year.

WARNING: “Geode Capital Management LLC Sells 39,628 Shares of Brookline Bancorp, Inc. (BRKL)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3342684/geode-capital-management-llc-sells-39628-shares-of-brookline-bancorp-inc-brkl.html.

Brookline Bancorp Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.

Want to see what other hedge funds are holding BRKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookline Bancorp, Inc. (NASDAQ:BRKL).

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

Receive News & Ratings for Brookline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MaidSafeCoin  Hits One Day Trading Volume of $1.94 Million
MaidSafeCoin Hits One Day Trading Volume of $1.94 Million
$0.48 Earnings Per Share Expected for State Bank Financial  This Quarter
$0.48 Earnings Per Share Expected for State Bank Financial This Quarter
Quantstamp  Hits Market Cap of $102.59 Million
Quantstamp Hits Market Cap of $102.59 Million
Critical Contrast: Generac  and Franklin Electric
Critical Contrast: Generac and Franklin Electric
Head-To-Head Analysis: Avis Budget Group  and Ryder
Head-To-Head Analysis: Avis Budget Group and Ryder
Critical Comparison: GCP Applied Technologies  and Its Competitors
Critical Comparison: GCP Applied Technologies and Its Competitors


Leave a Reply

© 2006-2018 Ticker Report. Google+.