Kintayl Capital LP Buys New Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Kintayl Capital LP purchased a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 242,444 shares of the bank's stock, valued at approximately $2,643,000. Brookline Bancorp makes up about 1.9% of Kintayl Capital LP's investment portfolio, making the stock its 21st largest holding. Kintayl Capital LP owned 0.27% of Brookline Bancorp as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Brookline Bancorp by 16.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,994 shares of the bank's stock valued at $207,000 after purchasing an additional 2,701 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Brookline Bancorp by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,172 shares of the bank's stock valued at $536,000 after acquiring an additional 1,573 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Brookline Bancorp in the 4th quarter worth $710,000. Deutsche Bank AG lifted its holdings in shares of Brookline Bancorp by 55.9% in the 4th quarter. Deutsche Bank AG now owns 74,903 shares of the bank's stock worth $884,000 after buying an additional 26,856 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Brookline Bancorp by 17.0% in the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock worth $22,465,000 after buying an additional 276,025 shares during the period. 78.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Stock Down 0.2%

Shares of NASDAQ BRKL traded down $0.03 during mid-day trading on Friday, reaching $11.08. 200,058 shares of the company were exchanged, compared to its average volume of 590,559. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.93. The stock has a market cap of $986.89 million, a price-to-earnings ratio of 13.49 and a beta of 0.88. Brookline Bancorp, Inc. has a 1 year low of $9.24 and a 1 year high of $13.15. The firm has a 50-day moving average of $10.66 and a 200 day moving average of $11.01.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $91.38 million. Brookline Bancorp had a return on equity of 6.32% and a net margin of 11.22%. On average, research analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Friday, May 9th. Brookline Bancorp's dividend payout ratio (DPR) is currently 65.85%.

Brookline Bancorp Company 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.