Dimensional Fund Advisors LP Grows Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Dimensional Fund Advisors LP raised its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,255,331 shares of the bank's stock after buying an additional 100,610 shares during the quarter. Dimensional Fund Advisors LP owned about 5.90% of Brookline Bancorp worth $62,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after acquiring an additional 2,513 shares in the last quarter. Versant Capital Management Inc boosted 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 purchasing an additional 1,595 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Brookline Bancorp in the 4th quarter worth approximately $72,000. KBC Group NV increased its position in Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after buying an additional 2,421 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in Brookline Bancorp during the 4th quarter valued at approximately $133,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Stock Down 0.2 %

Shares of NASDAQ:BRKL traded down $0.02 during trading on Wednesday, reaching $10.60. 536,884 shares of the stock traded hands, compared to its average volume of 582,092. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15. The stock has a market cap of $953.58 million, a P/E ratio of 13.77 and a beta of 0.88. The stock has a 50-day moving average of $10.52 and a two-hundred day moving average of $11.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted 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 analysts' expectations of $91.38 million. As a group, sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 5.09%. The ex-dividend date is Friday, May 9th. Brookline Bancorp's payout ratio is presently 65.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Brookline Bancorp in a research note on Saturday. They issued a "hold" rating on the stock.

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.