Deutsche Bank AG Purchases 26,856 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Deutsche Bank AG increased its position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,903 shares of the bank's stock after purchasing an additional 26,856 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Brookline Bancorp worth $884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Brookline Bancorp by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank's stock worth $674,000 after purchasing an additional 811 shares during the period. LPL Financial LLC lifted its position in Brookline Bancorp by 3.2% in the fourth quarter. LPL Financial LLC now owns 43,073 shares of the bank's stock worth $508,000 after purchasing an additional 1,323 shares during the period. Mariner LLC lifted its position in Brookline Bancorp by 6.7% in the fourth quarter. Mariner LLC now owns 34,954 shares of the bank's stock worth $412,000 after purchasing an additional 2,194 shares during the period. KBC Group NV lifted its position in Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank's stock worth $76,000 after purchasing an additional 2,421 shares during the period. Finally, Sterling Capital Management LLC lifted its position in Brookline Bancorp by 805.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after purchasing an additional 2,513 shares during the period. 78.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Brookline Bancorp Trading Up 0.5%

NASDAQ:BRKL traded up $0.05 on Thursday, hitting $10.47. 263,881 shares of the stock were exchanged, compared to its average volume of 536,138. The stock has a market capitalization of $932.93 million, a price-to-earnings ratio of 13.60 and a beta of 0.88. 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 quick ratio of 1.13 and a current ratio of 1.12. The company's 50-day moving average price is $10.44 and its 200 day moving average price is $11.44.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $91.49 million for the quarter, compared to the consensus estimate of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, equities research analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

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 dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 annualized dividend and a dividend yield of 5.16%. Brookline Bancorp's payout ratio is currently 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.