State of Tennessee Department of Treasury Has $1.50 Million Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

State of Tennessee Department of Treasury boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) by 65.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,818 shares of the bank's stock after buying an additional 49,940 shares during the quarter. State of Tennessee Department of Treasury owned 0.14% of Brookline Bancorp worth $1,496,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in shares of Brookline Bancorp by 805.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after purchasing an additional 2,513 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after buying an additional 1,595 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Brookline Bancorp during the fourth quarter worth approximately $72,000. KBC Group NV grew its position in Brookline Bancorp by 60.3% in the fourth 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. Finally, Semanteon Capital Management LP bought a new position in shares of Brookline Bancorp in the fourth quarter valued at $133,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Brookline Bancorp Trading Up 0.3 %

BRKL stock traded up $0.04 during mid-day trading on Monday, reaching $10.78. 58,980 shares of the stock traded hands, compared to its average volume of 579,055. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15. The stock's fifty day moving average is $10.58 and its 200-day moving average is $11.51. The company has a market cap of $969.41 million, a P/E ratio of 13.99 and a beta of 0.88. 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 posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 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 firm had revenue of $91.49 million during the quarter, compared to analyst estimates of $91.38 million. As a group, sell-side analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The firm 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. This represents a $0.54 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, May 9th. Brookline Bancorp's payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Brookline Bancorp in a research note on Saturday. 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.