Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 692,452 shares of the bank's stock after acquiring an additional 62,215 shares during the quarter. Ameriprise Financial Inc. owned about 0.78% of Brookline Bancorp worth $8,171,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Brookline Bancorp by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank's stock worth $112,937,000 after buying an additional 45,448 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Brookline Bancorp by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank's stock valued at $62,013,000 after acquiring an additional 100,610 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Brookline Bancorp by 7.7% during 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 last quarter. American Century Companies Inc. lifted its position in Brookline Bancorp by 17.0% during the fourth quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock valued at $22,465,000 after purchasing an additional 276,025 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Brookline Bancorp by 62.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock worth $12,414,000 after purchasing an additional 404,897 shares during the last quarter. Institutional investors own 78.91% of the company's stock.

Brookline Bancorp Trading Up 0.5%

Brookline Bancorp stock traded up $0.06 during mid-day trading on Tuesday, hitting $10.41. The company's stock had a trading volume of 33,725 shares, compared to its average volume of 589,766. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15. The stock has a market cap of $927.14 million, a PE ratio of 13.51 and a beta of 0.88. The company has a 50 day moving average of $10.46 and a 200-day moving average of $11.46. 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 released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 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 firm had revenue of $91.49 million for the quarter, compared to analysts' expectations of $91.38 million. On average, research analysts anticipate that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.135 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 5.19%. Brookline Bancorp's dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analyst Weigh In

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

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.