Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRKL. Barclays PLC grew its position in shares of 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 grew its position in Brookline Bancorp by 60.3% during the fourth 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 period. Jennison Associates LLC grew its position in 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 acquiring an additional 224,888 shares during the period. Empowered Funds LLC grew its position in Brookline Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 255,130 shares of the bank's stock valued at $3,011,000 after acquiring an additional 12,440 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in Brookline Bancorp during the fourth quarter valued at about $707,000. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Trading Up 2.1%

BRKL stock traded up $0.21 during trading on Tuesday, reaching $10.45. 654,058 shares of the stock traded hands, compared to its average volume of 592,646. The business's 50 day moving average price is $10.38 and its 200-day moving average price is $11.37. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The firm has a market capitalization of $931.15 million, a PE ratio of 13.57 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its quarterly 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 firm had revenue of $91.49 million for the quarter, compared to analysts' expectations of $91.38 million. As a group, sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.17%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

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

About Brookline Bancorp

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.