Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. cut its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 267,757 shares of the bank’s stock after selling 1,581 shares during the quarter. Congress Asset Management Co.’s holdings in Brookline Bancorp were worth $2,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BRKL. Commonwealth Equity Services LLC increased its stake in shares of Brookline Bancorp by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank’s stock worth $674,000 after acquiring an additional 811 shares during the period. LPL Financial LLC grew its position in Brookline Bancorp by 3.2% during the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank’s stock worth $508,000 after purchasing an additional 1,323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Brookline Bancorp by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,139 shares of the bank’s stock valued at $592,000 after buying an additional 1,859 shares during the last quarter. Mariner LLC lifted its holdings in shares of Brookline Bancorp by 6.7% in the 4th quarter. Mariner LLC now owns 34,954 shares of the bank’s stock valued at $412,000 after buying an additional 2,194 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after buying an additional 2,421 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Brookline Bancorp in a research report on Monday, May 19th. They set a “hold” rating for the company.

Brookline Bancorp Stock Performance

BRKL opened at $10.43 on Monday. The firm has a fifty day moving average price of $10.35 and a 200 day moving average price of $11.33. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The stock has a market cap of $929.37 million, a P/E ratio of 13.55 and a beta of 0.89. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The firm had revenue of $91.49 million during the quarter, compared to analyst estimates of $91.38 million. Equities research analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.135 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 5.18%. Brookline Bancorp’s payout ratio is 65.85%.

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.