Sagefield Capital LP Makes New $938,000 Investment in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Sagefield Capital LP acquired a new stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the fourth quarter, according to the company in 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 0.09% of Brookline Bancorp 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 Brookline Bancorp by 99.8% in 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. Franklin Resources Inc. purchased a new stake in Brookline Bancorp in the 4th quarter valued at about $710,000. Jennison Associates LLC raised its holdings in shares of Brookline Bancorp by 7.7% in the 4th 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. American Century Companies Inc. raised its holdings 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 purchasing an additional 276,025 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Brookline Bancorp by 96.2% during the 4th quarter. Intech Investment Management LLC now owns 125,592 shares of the bank's stock worth $1,482,000 after acquiring an additional 61,591 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Stock Performance

Shares of BRKL opened at $11.04 on Friday. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The company's fifty day moving average is $10.49 and its two-hundred day moving average is $11.50. The stock has a market capitalization of $993.16 million, a P/E ratio of 14.34 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted 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). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The business had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million. On average, sell-side analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, May 9th. Brookline Bancorp's dividend payout ratio (DPR) is presently 65.85%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Brookline Bancorp in a report on Sunday, May 11th. 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.

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