Invesco Ltd. Raises Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Invesco Ltd. raised its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 118.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,041,930 shares of the bank's stock after acquiring an additional 565,719 shares during the quarter. Invesco Ltd. owned 1.17% of Brookline Bancorp worth $12,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after purchasing an additional 1,595 shares in the last quarter. FMR LLC raised its position in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank's stock valued at $52,000 after acquiring an additional 3,279 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Brookline Bancorp in the 4th quarter valued at $72,000. KBC Group NV lifted its position in shares of 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 buying an additional 2,421 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in Brookline Bancorp during the fourth quarter worth approximately $133,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Brookline Bancorp in a report on Friday. They issued a "hold" rating for the company.

Brookline Bancorp Trading Down 1.7 %

Shares of Brookline Bancorp stock traded down $0.18 during trading on Friday, hitting $10.26. 303,885 shares of the company were exchanged, compared to its average volume of 583,747. The firm's fifty day moving average price is $10.71 and its 200 day moving average price is $11.48. 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 has a market capitalization of $922.99 million, a P/E ratio of 13.32 and a beta of 0.71. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, May 9th. Brookline Bancorp's payout ratio is 70.13%.

About Brookline Bancorp

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.