Brookline Bancorp, Inc. (NASDAQ:BRKL) Short Interest Update

Brookline Bancorp, Inc. (NASDAQ:BRKL - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,520,000 shares, a decrease of 19.1% from the March 31st total of 1,880,000 shares. Based on an average daily volume of 548,500 shares, the short-interest ratio is presently 2.8 days. Approximately 1.8% of the shares of the company are short sold.

Brookline Bancorp Stock Performance

Shares of NASDAQ BRKL traded up $0.06 during midday trading on Wednesday, hitting $10.68. 58,965 shares of the company's stock were exchanged, compared to its average volume of 578,915. Brookline Bancorp has a twelve month low of $8.01 and a twelve month high of $13.15. The firm has a market cap of $960.77 million, a P/E ratio of 13.86 and a beta of 0.88. The stock's 50 day moving average price is $10.54 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 (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The business had revenue of $91.49 million during the quarter, compared to the consensus estimate of $91.38 million. Equities research analysts anticipate that Brookline Bancorp will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.06%. Brookline Bancorp's dividend payout ratio (DPR) is 65.85%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Brookline Bancorp in a report on Saturday. They issued a "hold" rating on the stock.

Institutional Trading of Brookline Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its position in shares of Brookline Bancorp by 805.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after purchasing an additional 2,513 shares during the period. Versant Capital Management Inc lifted its holdings in Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock valued at $34,000 after acquiring an additional 1,595 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of Brookline Bancorp during the 4th quarter valued at about $35,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Brookline Bancorp in the 4th quarter worth approximately $72,000. Finally, KBC Group NV grew its stake 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 worth $76,000 after purchasing an additional 2,421 shares during the last quarter. 78.91% of the stock is owned by institutional investors and hedge funds.

About Brookline Bancorp

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.