Jefferies Financial Group Inc. Acquires Shares of 140,862 Brookline Bancorp, Inc. (NASDAQ:BRKL)

Jefferies Financial Group Inc. acquired a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 140,862 shares of the bank's stock, valued at approximately $1,535,000. Jefferies Financial Group Inc. owned 0.16% of Brookline Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of Brookline Bancorp by 805.4% during the 4th 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 last quarter. Pinney & Scofield Inc. acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $35,000. Focus Partners Wealth acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $121,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $129,000. Finally, Bank of Montreal Can acquired a new stake in Brookline Bancorp in the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 78.91% of the company's stock.

Insider Activity

In related news, insider Janytra M. Brooks sold 3,763 shares of the company's stock in a transaction that occurred on Saturday, August 2nd. The shares were sold at an average price of $10.28, for a total transaction of $38,683.64. Following the transaction, the insider owned 44,322 shares of the company's stock, valued at approximately $455,630.16. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.55% of the company's stock.

Brookline Bancorp Price Performance

BRKL traded up $0.04 on Tuesday, hitting $10.36. 539,374 shares of the company were exchanged, compared to its average volume of 563,433. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.09 and a current ratio of 1.10. The business's fifty day moving average is $10.65 and its 200 day moving average is $10.92. Brookline Bancorp, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $13.15. The firm has a market capitalization of $923.18 million, a P/E ratio of 11.64 and a beta of 0.91.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Brookline Bancorp had a net margin of 12.12% and a return on equity of 6.69%. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $94.90 million. As a group, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.54 annualized dividend and a dividend yield of 5.2%. Brookline Bancorp's dividend payout ratio is presently 60.67%.

Analyst Upgrades and Downgrades

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

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.