30,685 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Acquired by Paloma Partners Management Co

Paloma Partners Management Co purchased a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 30,685 shares of the bank’s stock, valued at approximately $310,000.

Other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after buying an additional 3,279 shares during the period. CWM LLC raised its holdings in shares of Brookline Bancorp by 1,806.5% in the 2nd quarter. CWM LLC now owns 8,827 shares of the bank’s stock worth $74,000 after purchasing an additional 8,364 shares during the period. SG Americas Securities LLC acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $102,000. Creative Planning purchased a new stake in shares of Brookline Bancorp during the 3rd quarter worth about $103,000. Finally, Townsquare Capital LLC acquired a new stake in Brookline Bancorp during the 3rd quarter worth approximately $111,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Trading Down 1.6 %

NASDAQ:BRKL opened at $12.61 on Friday. The business’s 50-day moving average is $11.32 and its two-hundred day moving average is $10.05. The firm has a market capitalization of $1.12 billion, a PE ratio of 15.19 and a beta of 0.78. Brookline Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $13.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same period last year, the business posted $0.26 EPS. Research analysts predict that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.135 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.28%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 65.06%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $14.50 in a research report on Wednesday.

Brookline Bancorp Profile

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.