WINTON GROUP Ltd grew its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 120.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,694 shares of the bank’s stock after acquiring an additional 15,678 shares during the period. WINTON GROUP Ltd’s holdings in Brookline Bancorp were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $143,000. GSA Capital Partners LLP acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $214,000. Winthrop Advisory Group LLC acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $265,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $316,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at about $431,000. 76.49% of the stock is owned by institutional investors.

In other Brookline Bancorp news, Director David C. Chapin sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $18.01, for a total transaction of $90,050.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Michael W. Mccurdy sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $17.90, for a total transaction of $53,700.00. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by insiders.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.50 target price on shares of Brookline Bancorp in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.67.

Brookline Bancorp stock opened at $14.99 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.74 and a beta of 0.90. Brookline Bancorp, Inc. has a 52-week low of $14.36 and a 52-week high of $19.35.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Brookline Bancorp had a net margin of 21.27% and a return on equity of 9.13%. The company had revenue of $69.40 million for the quarter, compared to the consensus estimate of $68.80 million. Equities analysts forecast that Brookline Bancorp, Inc. will post 1.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Brookline Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 8th. Brookline Bancorp’s payout ratio is 52.50%.

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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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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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