Renaissance Technologies LLC Has $11.73 Million Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Renaissance Technologies LLC decreased its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 994,313 shares of the bank's stock after selling 252,075 shares during the quarter. Renaissance Technologies LLC owned approximately 1.12% of Brookline Bancorp worth $11,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BRKL. Barclays PLC increased its holdings in shares of Brookline Bancorp by 99.8% during the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank's stock valued at $2,149,000 after acquiring an additional 106,345 shares during the last quarter. Jane Street Group LLC grew its position in Brookline Bancorp by 12.2% during the third quarter. Jane Street Group LLC now owns 196,979 shares of the bank's stock worth $1,988,000 after buying an additional 21,394 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after purchasing an additional 224,888 shares in the last quarter. American Century Companies Inc. increased its position 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 purchasing an additional 276,025 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Brookline Bancorp by 96.2% in the fourth quarter. Intech Investment Management LLC now owns 125,592 shares of the bank's stock valued at $1,482,000 after purchasing an additional 61,591 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company's stock.

Brookline Bancorp Trading Down 2.0 %

Shares of NASDAQ BRKL traded down $0.20 during mid-day trading on Monday, hitting $9.69. The company's stock had a trading volume of 38,234 shares, compared to its average volume of 582,228. 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 stock has a market cap of $871.98 million, a price-to-earnings ratio of 12.61 and a beta of 0.71. The company's fifty day simple moving average is $10.92 and its 200-day simple moving average is $11.49. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its earnings results on Wednesday, January 29th. The bank reported $0.23 EPS 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%. On average, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 5.57%. Brookline Bancorp's dividend payout ratio (DPR) is currently 70.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a research note on Tuesday, December 24th. StockNews.com assumed coverage on Brookline Bancorp in a 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.