Fuller & Thaler Asset Management Inc. raised its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 63.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,813,898 shares of the bank’s stock after purchasing an additional 1,483,727 shares during the period. Fuller & Thaler Asset Management Inc. owned 4.98% of Brookline Bancorp worth $59,115,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BRKL. Aperio Group LLC grew its holdings in Brookline Bancorp by 33.7% during the 2nd quarter. Aperio Group LLC now owns 28,585 shares of the bank’s stock worth $417,000 after acquiring an additional 7,198 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Brookline Bancorp in the 2nd quarter valued at about $7,070,000. BlackRock Inc. grew its stake in shares of Brookline Bancorp by 6.5% in the 2nd quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock valued at $135,794,000 after buying an additional 564,134 shares during the period. Stifel Financial Corp grew its stake in shares of Brookline Bancorp by 34.5% in the 2nd quarter. Stifel Financial Corp now owns 45,583 shares of the bank’s stock valued at $666,000 after buying an additional 11,700 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Brookline Bancorp in the 2nd quarter valued at about $312,000. 77.67% of the stock is owned by institutional investors and hedge funds.
In related news, insider M Robert Rose sold 12,500 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $16.07, for a total transaction of $200,875.00. Following the transaction, the insider now owns 35,277 shares in the company, valued at $566,901.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hollister sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $15.75, for a total transaction of $55,125.00. Following the completion of the transaction, the director now owns 28,500 shares in the company, valued at $448,875. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,255 shares of company stock worth $2,138,396. Corporate insiders own 2.85% of the company’s stock.
Several analysts have recently commented on the company. BidaskClub downgraded Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Sandler O’Neill raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Monday, August 21st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brookline Bancorp has a consensus rating of “Hold” and a consensus target price of $15.83.
Brookline Bancorp, Inc. (NASDAQ:BRKL) remained flat at $$15.70 during trading hours on Thursday. The company had a trading volume of 245,773 shares, compared to its average volume of 386,688. The company has a market cap of $1,218.77, a P/E ratio of 20.39 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21. Brookline Bancorp, Inc. has a 52 week low of $13.60 and a 52 week high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $62.82 million during the quarter, compared to analyst estimates of $60.37 million. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. During the same period in the previous year, the business earned $0.19 EPS. research analysts expect that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, November 2nd. Brookline Bancorp’s payout ratio is 46.15%.
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Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
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