Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,807 shares of the bank's stock after selling 30,145 shares during the period. Bank of America Corp DE owned about 0.64% of Brookline Bancorp worth $6,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Brookline Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank's stock worth $112,937,000 after purchasing an additional 45,448 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 worth $62,013,000 after purchasing an additional 100,610 shares during the period. Jennison Associates LLC boosted its stake in shares of 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 purchasing an additional 224,888 shares during the period. American Century Companies Inc. boosted 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 buying an additional 276,025 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Brookline Bancorp by 62.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock valued at $12,414,000 after buying an additional 404,897 shares during the period. 78.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Brookline Bancorp Trading Down 0.6%

Brookline Bancorp stock traded down $0.06 during trading hours on Friday, hitting $10.41. The company had a trading volume of 526,410 shares, compared to its average volume of 592,327. The firm has a market cap of $927.58 million, a P/E ratio of 13.52 and a beta of 0.88. 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, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $11.40.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings data 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 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, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.19%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's payout ratio is 65.85%.

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.