Teacher Retirement System of Texas Lowers Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Teacher Retirement System of Texas cut its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 88.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,210 shares of the bank's stock after selling 182,123 shares during the quarter. Teacher Retirement System of Texas' holdings in Brookline Bancorp were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Brookline Bancorp during the 4th quarter worth about $744,000. Commonwealth Equity Services LLC increased its position in Brookline Bancorp by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank's stock worth $674,000 after buying an additional 811 shares during the last quarter. Intech Investment Management LLC increased its position in Brookline Bancorp by 96.2% during the 4th quarter. Intech Investment Management LLC now owns 125,592 shares of the bank's stock worth $1,482,000 after buying an additional 61,591 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Brookline Bancorp in the 4th quarter valued at approximately $133,000. Finally, Quantbot Technologies LP increased its holdings in Brookline Bancorp by 82.5% in the 4th quarter. Quantbot Technologies LP now owns 35,898 shares of the bank's stock worth $424,000 after purchasing an additional 16,229 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Brookline Bancorp Stock Performance

Shares of BRKL stock traded down $0.11 on Monday, hitting $10.99. The company's stock had a trading volume of 651,439 shares, compared to its average volume of 592,830. The stock's 50 day moving average is $10.67 and its 200-day moving average is $11.00. The company has a market capitalization of $978.87 million, a PE ratio of 13.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.09 and a current ratio of 1.09. Brookline Bancorp, Inc. has a fifty-two week low of $9.24 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 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $91.49 million during the quarter, compared to the consensus estimate of $91.38 million. Brookline Bancorp had a return on equity of 6.32% and a net margin of 11.22%. Equities research analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.92%. 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.