Inspire Advisors LLC Raises Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Inspire Advisors LLC boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,779 shares of the bank’s stock after purchasing an additional 11,256 shares during the period. Inspire Advisors LLC owned approximately 0.21% of Brookline Bancorp worth $2,192,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after purchasing an additional 1,595 shares during the period. FMR LLC raised its stake in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after purchasing an additional 3,279 shares during the period. KBC Group NV raised its stake in Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after purchasing an additional 2,421 shares during the period. Creative Planning purchased a new position in Brookline Bancorp during the third quarter worth about $103,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Brookline Bancorp in the 3rd quarter valued at approximately $111,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Trading Down 2.5 %

Shares of BRKL stock opened at $10.75 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The stock has a market capitalization of $957.88 million, a P/E ratio of 13.96 and a beta of 0.78. The company has a 50 day moving average price of $11.88 and a 200 day moving average price of $11.42. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Equities research analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s dividend payout ratio (DPR) is currently 70.13%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BRKL shares. StockNews.com started coverage on shares of Brookline Bancorp in a research note on Saturday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a research note on Tuesday, December 24th. Finally, Raymond James raised shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Friday, December 20th.

Brookline Bancorp Company 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.