300,000 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC acquired a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the bank's stock, valued at approximately $3,540,000. Curi RMB Capital LLC owned about 0.34% of Brookline Bancorp at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Brookline Bancorp by 99.8% during the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank's stock worth $2,149,000 after acquiring an additional 106,345 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Brookline Bancorp by 12.2% in the third quarter. Jane Street Group LLC now owns 196,979 shares of the bank's stock valued at $1,988,000 after buying an additional 21,394 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Brookline Bancorp in the fourth quarter valued at about $710,000. Jennison Associates LLC grew its holdings in Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after acquiring an additional 224,888 shares during the last quarter. Finally, American Century Companies Inc. increased its position in 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 acquiring an additional 276,025 shares in the last quarter. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Trading Down 1.4 %

Brookline Bancorp stock traded down $0.15 during mid-day trading on Friday, hitting $10.29. 108,801 shares of the company's stock were exchanged, compared to its average volume of 584,516. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. 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 firm has a market capitalization of $925.60 million, a P/E ratio of 13.37 and a beta of 0.71. The company's 50 day simple moving average is $10.75 and its 200-day simple moving average is $11.48.

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

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Friday, May 9th. Brookline Bancorp's dividend payout ratio (DPR) is presently 70.13%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Brookline Bancorp in a report on Friday. They issued a "hold" rating on the stock.

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.