Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 40.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 519,109 shares of the bank's stock after selling 359,608 shares during the period. Assenagon Asset Management S.A. owned about 0.58% of Brookline Bancorp worth $5,658,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BRKL. Sterling Capital Management LLC increased its stake in Brookline Bancorp by 805.4% in the 4th 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 during the period. Pinney & Scofield Inc. bought a new stake in shares of Brookline Bancorp in the 4th quarter valued at about $35,000. C M Bidwell & Associates Ltd. purchased a new position in Brookline Bancorp in the fourth quarter worth $72,000. Focus Partners Wealth purchased a new position in Brookline Bancorp during the 4th quarter worth $121,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Brookline Bancorp during the fourth quarter valued at about $129,000. Institutional investors own 78.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

Brookline Bancorp Stock Performance

Brookline Bancorp stock traded up $0.04 during mid-day trading on Wednesday, hitting $10.06. The company had a trading volume of 508,147 shares, compared to its average volume of 533,859. The company has a market capitalization of $896.00 million, a price-to-earnings ratio of 12.26 and a beta of 0.89. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.93. The company's fifty day moving average is $10.40 and its 200-day moving average is $11.23. Brookline Bancorp, Inc. has a 12-month low of $8.15 and a 12-month high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 6.32% and a net margin of 11.22%. The firm had revenue of $91.49 million for the quarter, compared to analysts' expectations of $91.38 million. Equities research analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 5.37%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's payout ratio is currently 65.85%.

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.