Algert Global LLC Invests $931,000 in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Algert Global LLC bought a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 78,926 shares of the bank's stock, valued at approximately $931,000. Algert Global LLC owned approximately 0.09% of Brookline Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Brookline Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank's stock valued at $112,937,000 after acquiring an additional 45,448 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Brookline Bancorp by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank's stock valued at $62,013,000 after purchasing an additional 100,610 shares during the period. Jennison Associates LLC lifted its stake in shares of Brookline Bancorp by 7.7% in the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock valued at $36,974,000 after purchasing an additional 224,888 shares during the period. American Century Companies Inc. lifted its stake in shares of Brookline Bancorp by 17.0% in the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock valued at $22,465,000 after purchasing an additional 276,025 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Brookline Bancorp by 62.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock valued at $12,414,000 after purchasing an additional 404,897 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Brookline Bancorp in a research note on Sunday, May 11th. They issued a "hold" rating for the company.

Brookline Bancorp Price Performance

NASDAQ BRKL traded up $0.01 on Friday, hitting $11.12. The company had a trading volume of 165,963 shares, compared to its average volume of 585,206. The company has a market capitalization of $999.91 million, a PE ratio of 14.42 and a beta of 0.88. The company's fifty day moving average price is $10.49 and its 200-day moving average price is $11.50. 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, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $91.49 million during the quarter, compared to analysts' expectations of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. As a group, analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, May 9th. Brookline Bancorp's payout ratio is presently 65.85%.

Brookline Bancorp 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.