Two Sigma Investments LP Has $5.75 Million Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Two Sigma Investments LP lowered its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 487,013 shares of the bank's stock after selling 163,955 shares during the period. Two Sigma Investments LP owned about 0.55% of Brookline Bancorp worth $5,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC raised its holdings in shares of Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after buying an additional 2,513 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Brookline Bancorp in the fourth quarter valued at $72,000. KBC Group NV boosted its stake 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 buying an additional 2,421 shares in the last quarter. Focus Partners Wealth acquired a new position in Brookline Bancorp during the fourth quarter worth about $121,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Brookline Bancorp during the fourth quarter worth about $129,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Brookline Bancorp Price Performance

Shares of NASDAQ BRKL traded down $0.09 during trading on Friday, hitting $10.39. The company had a trading volume of 267,924 shares, compared to its average volume of 589,490. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The business's 50-day moving average is $10.43 and its 200 day moving average is $11.43. The company has a market cap of $925.36 million, a P/E ratio of 13.49 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 (NASDAQ:BRKL - Get Free Report) last announced its 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 return on equity of 5.94% and a net margin of 10.51%. The company had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million. Equities research analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.20%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's dividend payout ratio (DPR) is currently 65.85%.

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.