Millennium Management LLC Sells 113,106 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Millennium Management LLC trimmed its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 602,428 shares of the bank's stock after selling 113,106 shares during the period. Millennium Management LLC owned 0.68% of Brookline Bancorp worth $7,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Brookline Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank's stock valued at $112,937,000 after purchasing an additional 45,448 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Brookline Bancorp by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank's stock worth $62,013,000 after purchasing an additional 100,610 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Brookline Bancorp by 7.7% during the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock valued at $36,974,000 after acquiring an additional 224,888 shares during the period. American Century Companies Inc. raised its holdings in shares of Brookline Bancorp by 17.0% during the fourth quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock valued at $22,465,000 after acquiring an additional 276,025 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brookline Bancorp by 62.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock valued at $12,414,000 after acquiring an additional 404,897 shares during the period. 78.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brookline Bancorp Stock Up 0.5%

Brookline Bancorp stock traded up $0.05 during trading hours on Thursday, hitting $10.47. The company had a trading volume of 263,881 shares, compared to its average volume of 589,528. The firm has a market capitalization of $932.93 million, a P/E ratio of 13.60 and a beta of 0.88. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The firm's fifty day moving average is $10.44 and its 200-day moving average is $11.44. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released 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 company had revenue of $91.49 million during the quarter, compared to analyst estimates of $91.38 million. Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, 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 disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 annualized dividend and a yield of 5.16%. 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.