Trust Co. of Vermont decreased its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,585 shares of the bank’s stock after selling 1,000 shares during the period. Trust Co. of Vermont’s holdings in Brookline Bancorp were worth $388,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. grew its position in shares of Brookline Bancorp by 1.1% in the third quarter. Moors & Cabot Inc. now owns 62,369 shares of the bank’s stock valued at $922,000 after purchasing an additional 685 shares during the period. Brinker Capital Inc. grew its position in shares of Brookline Bancorp by 5.1% in the third quarter. Brinker Capital Inc. now owns 23,223 shares of the bank’s stock valued at $342,000 after purchasing an additional 1,136 shares during the period. California State Teachers Retirement System grew its position in shares of Brookline Bancorp by 1.2% in the third quarter. California State Teachers Retirement System now owns 122,213 shares of the bank’s stock valued at $1,800,000 after purchasing an additional 1,460 shares during the period. Zeke Capital Advisors LLC grew its position in shares of Brookline Bancorp by 2.4% in the fourth quarter. Zeke Capital Advisors LLC now owns 69,652 shares of the bank’s stock valued at $1,146,000 after purchasing an additional 1,623 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brookline Bancorp by 55.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,033 shares of the bank’s stock valued at $89,000 after purchasing an additional 2,151 shares during the period. 79.68% of the stock is owned by institutional investors.
In related news, Director Charles H. Peck sold 10,000 shares of Brookline Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $15.42, for a total value of $154,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 30,000 shares of company stock worth $478,300 in the last quarter. 2.54% of the stock is owned by insiders.
A number of brokerages have recently commented on BRKL. BidaskClub downgraded Brookline Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Raymond James began coverage on Brookline Bancorp in a research report on Tuesday, November 26th. They issued a “market perform” rating for the company. Finally, ValuEngine raised Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.67.
Brookline Bancorp stock traded down $0.18 during midday trading on Friday, reaching $15.54. The stock had a trading volume of 44,231 shares, compared to its average volume of 200,725. Brookline Bancorp, Inc. has a twelve month low of $13.66 and a twelve month high of $16.96. The stock has a market capitalization of $1.25 billion, a PE ratio of 14.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.13. The stock’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $15.31.
Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, January 29th. The bank reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. Brookline Bancorp had a return on equity of 9.56% and a net margin of 23.24%. The firm had revenue of $71.69 million for the quarter, compared to analysts’ expectations of $71.56 million. Equities analysts predict that Brookline Bancorp, Inc. will post 1.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, February 13th. Brookline Bancorp’s payout ratio is currently 41.82%.
About Brookline Bancorp
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, as well as commercial, municipal, and retail deposits.
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