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.
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.
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.
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.
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