Universal Beteiligungs und Servicegesellschaft mbH Invests $1.86 Million in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 157,198 shares of the bank's stock, valued at approximately $1,855,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Brookline Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Barclays PLC lifted its position in Brookline Bancorp by 99.8% in the third quarter. Barclays PLC now owns 212,904 shares of the bank's stock valued at $2,149,000 after purchasing an additional 106,345 shares during the period. KBC Group NV lifted its position in Brookline Bancorp by 60.3% in 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 during the period. Jennison Associates LLC lifted its position in Brookline Bancorp by 7.7% in the fourth 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. Empowered Funds LLC lifted its position in Brookline Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 255,130 shares of the bank's stock valued at $3,011,000 after purchasing an additional 12,440 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in Brookline Bancorp in the fourth quarter valued at about $707,000. Institutional investors and hedge funds own 78.91% of the company's stock.

Brookline Bancorp Stock Performance

NASDAQ:BRKL traded up $0.19 during mid-day trading on Friday, reaching $10.43. The stock had a trading volume of 537,390 shares, compared to its average volume of 593,593. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a market capitalization of $929.37 million, a price-to-earnings ratio of 13.55 and a beta of 0.88. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The business has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $11.34.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) 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 analysts' expectations of $91.38 million. On average, 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 announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.135 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 5.18%. Brookline Bancorp's dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of Brookline Bancorp in a research report on Monday, May 19th. They issued a "hold" rating for the company.

Brookline Bancorp Company 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.