63,060 Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,060 shares of the bank's stock, valued at approximately $744,000. Raymond James Financial Inc. owned 0.07% of Brookline Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Brookline Bancorp by 118.8% in the fourth quarter. Invesco Ltd. now owns 1,041,930 shares of the bank's stock worth $12,295,000 after purchasing an additional 565,719 shares during the last quarter. JPMorgan Chase & Co. raised its position in Brookline Bancorp by 62.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock worth $12,414,000 after buying an additional 404,897 shares during the last quarter. American Century Companies Inc. lifted its stake in Brookline Bancorp by 17.0% during 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 holdings in shares of Brookline Bancorp by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank's stock valued at $10,369,000 after acquiring an additional 236,066 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Brookline Bancorp by 7.7% in the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after acquiring an additional 224,888 shares during the period. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Price Performance

BRKL traded down $0.21 during trading on Friday, hitting $10.55. The company's stock had a trading volume of 468,765 shares, compared to its average volume of 583,759. The firm has a market capitalization of $949.08 million, a price-to-earnings ratio of 13.70 and a beta of 0.88. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The business's fifty day simple moving average is $10.48 and its 200 day simple moving average is $11.50. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly 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 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, equities research analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 annualized dividend and a dividend yield of 5.12%. Brookline Bancorp's dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Brookline Bancorp in a report on Saturday, May 3rd. They set a "hold" rating for the company.

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.