Brookline Bancorp, Inc. (NASDAQ:BRKL) Position Cut by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in Brookline Bancorp by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank's stock valued at $674,000 after purchasing an additional 811 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Brookline Bancorp by 3.2% during the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank's stock worth $508,000 after acquiring an additional 1,323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Brookline Bancorp by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,139 shares of the bank's stock worth $592,000 after acquiring an additional 1,859 shares during the period. Mariner LLC lifted its holdings in shares of Brookline Bancorp by 6.7% during the 4th quarter. Mariner LLC now owns 34,954 shares of the bank's stock worth $412,000 after acquiring an additional 2,194 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank's stock worth $76,000 after acquiring an additional 2,421 shares during the period. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Stock Down 0.6%

Shares of BRKL stock traded down $0.06 during mid-day trading on Friday, reaching $10.41. 526,410 shares of the company were exchanged, compared to its average volume of 592,327. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market capitalization of $927.58 million, a P/E ratio of 13.52 and a beta of 0.88. The business's 50 day simple moving average is $10.41 and its 200 day simple moving average is $11.40.

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 analysts' consensus estimates of $0.23 by ($0.01). The company had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. Research analysts predict 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. Shareholders of record on Friday, May 9th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's dividend payout ratio is presently 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.