BNP Paribas Financial Markets Sells 42,865 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

BNP Paribas Financial Markets reduced its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,985 shares of the bank's stock after selling 42,865 shares during the period. BNP Paribas Financial Markets' holdings in Brookline Bancorp were worth $200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Brookline Bancorp by 805.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after purchasing an additional 2,513 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Brookline Bancorp in the 4th quarter valued at $72,000. KBC Group NV lifted its stake in shares of Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after acquiring an additional 2,421 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of Brookline Bancorp in the 4th quarter valued at $129,000. Finally, Semanteon Capital Management LP bought a new position in Brookline Bancorp during the 4th quarter worth $133,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Stock Performance

Shares of NASDAQ:BRKL traded down $0.06 during mid-day trading on Friday, reaching $10.41. The company had a trading volume of 526,410 shares, compared to its average volume of 592,327. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The firm has a market cap of $927.58 million, a price-to-earnings ratio of 13.52 and a beta of 0.88. The company's 50-day moving average price is $10.41 and its 200-day moving average price is $11.41. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released 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 firm had revenue of $91.49 million during the quarter, compared to the consensus estimate of $91.38 million. As a group, equities research analysts anticipate that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

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