Xact Kapitalforvaltning AB purchased a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,783 shares of the bank’s stock, valued at approximately $232,000.
Several other large investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in Brookline Bancorp by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,024,839 shares of the bank’s stock valued at $63,190,000 after buying an additional 210,941 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Brookline Bancorp by 11.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 365,963 shares of the bank’s stock valued at $5,673,000 after buying an additional 38,745 shares in the last quarter. BlackRock Inc. raised its stake in Brookline Bancorp by 2.7% during the fourth quarter. BlackRock Inc. now owns 9,902,830 shares of the bank’s stock valued at $155,474,000 after buying an additional 260,424 shares in the last quarter. Wells Fargo & Company MN raised its stake in Brookline Bancorp by 4.4% during the third quarter. Wells Fargo & Company MN now owns 293,704 shares of the bank’s stock valued at $4,552,000 after buying an additional 12,409 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Brookline Bancorp by 224.4% during the fourth quarter. Arizona State Retirement System now owns 128,832 shares of the bank’s stock valued at $2,023,000 after buying an additional 89,113 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.
Several analysts have issued reports on the company. BidaskClub cut Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. ValuEngine upgraded Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Piper Jaffray restated a “hold” rating and set a $16.50 price objective on shares of Brookline Bancorp in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.33.
Shares of NASDAQ BRKL opened at $16.35 on Tuesday. Brookline Bancorp, Inc. has a 52-week low of $13.60 and a 52-week high of $17.20. The company has a market cap of $1,297.07, a price-to-earnings ratio of 20.19 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16.
Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The firm had revenue of $63.47 million for the quarter, compared to analysts’ expectations of $61.22 million. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. During the same quarter in the prior year, the firm posted $0.19 earnings per share. equities research analysts predict that Brookline Bancorp, Inc. will post 1.05 EPS for the current fiscal year.
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About Brookline Bancorp
Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.
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