Seaward Management Limited Partnership Has $2,131,000 Stake in Brookline Bancorp Inc. (BRKL)
Seaward Management Limited Partnership maintained its stake in shares of Brookline Bancorp Inc. (NASDAQ:BRKL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,253 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Brookline Bancorp were worth $2,131,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of BRKL. Legal & General Group Plc boosted its stake in shares of Brookline Bancorp by 14.5% in the first quarter. Legal & General Group Plc now owns 11,953 shares of the company’s stock valued at $132,000 after buying an additional 1,518 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in shares of Brookline Bancorp during the first quarter valued at approximately $154,000. Hartford Investment Management Co. acquired a new stake in shares of Brookline Bancorp during the second quarter valued at approximately $154,000. GWM Advisors LLC boosted its stake in shares of Brookline Bancorp by 1.2% in the second quarter. GWM Advisors LLC now owns 14,872 shares of the company’s stock valued at $164,000 after buying an additional 180 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Brookline Bancorp by 107.6% in the second quarter. BNP Paribas Arbitrage SA now owns 21,935 shares of the company’s stock valued at $242,000 after buying an additional 11,370 shares during the period. 74.67% of the stock is currently owned by hedge funds and other institutional investors.
Brookline Bancorp Inc. (NASDAQ:BRKL) traded up 0.26% on Tuesday, hitting $11.76. 156,685 shares of the stock traded hands. The stock has a 50 day moving average of $11.66 and a 200 day moving average of $11.30. The firm has a market capitalization of $829.27 million, a PE ratio of 16.11 and a beta of 0.90. Brookline Bancorp Inc. has a 52 week low of $9.86 and a 52 week high of $12.11.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Brookline Bancorp had a net margin of 20.27% and a return on equity of 7.59%. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that Brookline Bancorp Inc. will post $0.73 earnings per share for the current year.
Several brokerages have commented on BRKL. Compass Point boosted their price target on shares of Brookline Bancorp from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Keefe, Bruyette & Woods raised shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Friday, July 8th. Finally, Sandler O’Neill cut shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.63.
In other news, General Counsel Michael W. Mccurdy sold 9,200 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.80, for a total transaction of $108,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.82% of the company’s stock.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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