M3F Inc. Trims Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

M3F Inc. lessened its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 39.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 477,183 shares of the bank's stock after selling 317,122 shares during the period. Brookline Bancorp comprises approximately 1.6% of M3F Inc.'s investment portfolio, making the stock its 16th biggest holding. M3F Inc. owned approximately 0.54% of Brookline Bancorp worth $5,631,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BRKL. Sterling Capital Management LLC raised its stake in Brookline Bancorp by 805.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after buying an additional 2,513 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after acquiring an additional 1,595 shares in the last quarter. FMR LLC raised its position in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank's stock worth $52,000 after acquiring an additional 3,279 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Brookline Bancorp during the 4th quarter worth $72,000. Finally, KBC Group NV boosted its position in Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after purchasing an additional 2,421 shares in the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Brookline Bancorp Stock Down 2.1 %

Shares of Brookline Bancorp stock traded down $0.22 during trading on Friday, reaching $10.22. The company's stock had a trading volume of 157,434 shares, compared to its average volume of 584,686. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15. The company has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $11.48. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The company has a market cap of $919.75 million, a price-to-earnings ratio of 13.27 and a beta of 0.71.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share 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 analyst estimates of $91.38 million. As a group, equities analysts forecast 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. Shareholders of record on Friday, May 9th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 5.28%. Brookline Bancorp's payout ratio is 70.13%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Brookline Bancorp in a research report on Friday. They set a "hold" rating for the company.

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.