BlackRock Inc. boosted its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,902,830 shares of the bank’s stock after buying an additional 260,424 shares during the quarter. BlackRock Inc. owned approximately 12.92% of Brookline Bancorp worth $155,474,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Sei Investments Co. purchased a new position in shares of Brookline Bancorp during the 3rd quarter worth approximately $197,000. Crossmark Global Holdings Inc. acquired a new position in shares of Brookline Bancorp in the 3rd quarter valued at $252,000. New England Research & Management Inc. acquired a new position in shares of Brookline Bancorp in the 4th quarter valued at $254,000. Trexquant Investment LP acquired a new position in shares of Brookline Bancorp during the 3rd quarter valued at $367,000. Finally, Aries Wealth Management acquired a new position in shares of Brookline Bancorp during the 4th quarter valued at $372,000. 78.45% of the stock is currently owned by hedge funds and other institutional investors.
Brookline Bancorp stock traded up $0.20 during trading hours on Thursday, hitting $16.40. The company had a trading volume of 263,776 shares, compared to its average volume of 341,568. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $1,301.08, a PE ratio of 20.25 and a beta of 0.90. Brookline Bancorp, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.20.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $63.47 million during the quarter, compared to the consensus estimate 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 firm earned $0.19 EPS. equities analysts anticipate that Brookline Bancorp, Inc. will post 1.05 EPS for the current fiscal year.
In other news, Director Charles H. Peck sold 10,000 shares of Brookline Bancorp stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $16.43, for a total value of $164,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Hackett sold 5,000 shares of Brookline Bancorp stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the completion of the sale, the director now owns 31,500 shares in the company, valued at $511,875. The disclosure for this sale can be found here. Insiders sold a total of 47,500 shares of company stock worth $784,850 in the last ninety days. Insiders own 2.85% of the company’s stock.
A number of brokerages have commented on BRKL. BidaskClub lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. ValuEngine raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $16.50 price target on shares of Brookline Bancorp in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.33.
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Brookline Bancorp Company 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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