Sagefield Capital LP Acquires New Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Sagefield Capital LP acquired a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,471 shares of the bank's stock, valued at approximately $938,000. Sagefield Capital LP owned approximately 0.09% of Brookline Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after purchasing an additional 2,513 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Brookline Bancorp during the 4th quarter worth $72,000. KBC Group NV increased its holdings in shares of Brookline Bancorp by 60.3% during the 4th 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. Focus Partners Wealth purchased a new position in shares of Brookline Bancorp in the 4th quarter worth $121,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Brookline Bancorp in the fourth quarter valued at $129,000. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Brookline Bancorp Stock Performance

BRKL traded down $0.04 during trading on Thursday, reaching $10.53. 184,575 shares of the company were exchanged, compared to its average volume of 588,198. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $10.49 and a 200 day moving average of $11.49. The stock has a market cap of $937.83 million, a P/E ratio of 13.67 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The firm had revenue of $91.49 million for the quarter, compared to the consensus estimate of $91.38 million. On average, sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 5.13%. The ex-dividend date is Friday, May 9th. Brookline Bancorp's dividend payout ratio is currently 65.85%.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Brookline Bancorp in a report on Monday. They issued a "hold" rating for the company.

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.