LSV Asset Management Has $4.86 Million Stake in Brookline Bancorp, Inc. (NASDAQ:BRKL)

LSV Asset Management lessened its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 412,200 shares of the bank's stock after selling 134,200 shares during the period. LSV Asset Management owned 0.46% of Brookline Bancorp worth $4,864,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Brookline Bancorp by 118.8% in the fourth quarter. Invesco Ltd. now owns 1,041,930 shares of the bank's stock valued at $12,295,000 after buying an additional 565,719 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Brookline Bancorp by 62.6% in the 4th 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 last quarter. American Century Companies Inc. raised its position 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 valued at $22,465,000 after acquiring an additional 276,025 shares during the period. Assenagon Asset Management S.A. boosted its stake in Brookline Bancorp by 36.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank's stock worth $10,369,000 after acquiring an additional 236,066 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Brookline Bancorp by 7.7% in the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock valued at $36,974,000 after purchasing an additional 224,888 shares in the last quarter. Institutional investors own 78.91% of the company's stock.

Brookline Bancorp Stock Performance

Shares of BRKL traded up $0.09 during trading hours on Friday, hitting $9.89. The company had a trading volume of 436,346 shares, compared to its average volume of 583,678. The firm has a market cap of $889.70 million, a price-to-earnings ratio of 12.84 and a beta of 0.71. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average of $10.92 and a 200-day moving average of $11.47. Brookline Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Equities analysts anticipate that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Friday, February 14th. Brookline Bancorp's dividend payout ratio is 70.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BRKL shares. Raymond James upgraded shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price target for the company in a report on Friday, December 20th. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective on the stock. in a research note on Tuesday, December 24th. Finally, StockNews.com assumed coverage on Brookline Bancorp in a research report on Thursday. They set a "hold" rating on the stock.

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.