GSA Capital Partners LLP Takes Position in Brookline Bancorp, Inc. (BRKL)

GSA Capital Partners LLP purchased a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,508 shares of the bank’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRKL. Principal Financial Group Inc. lifted its position in shares of Brookline Bancorp by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 588,866 shares of the bank’s stock worth $9,540,000 after purchasing an additional 3,558 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Brookline Bancorp by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 27,638 shares of the bank’s stock worth $514,000 after purchasing an additional 3,791 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Brookline Bancorp by 25.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 18,583 shares of the bank’s stock worth $301,000 after purchasing an additional 3,800 shares during the last quarter. Comerica Bank lifted its position in shares of Brookline Bancorp by 4.1% during the 2nd quarter. Comerica Bank now owns 104,928 shares of the bank’s stock worth $1,931,000 after purchasing an additional 4,129 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Brookline Bancorp by 2.3% during the 1st quarter. Rhumbline Advisers now owns 184,345 shares of the bank’s stock worth $2,986,000 after purchasing an additional 4,182 shares during the last quarter. Institutional investors own 75.79% of the company’s stock.

Brookline Bancorp stock opened at $17.40 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 18.66 and a beta of 0.78. Brookline Bancorp, Inc. has a 12 month low of $14.45 and a 12 month high of $19.35.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $68.24 million during the quarter, compared to analysts’ expectations of $69.40 million. Brookline Bancorp had a return on equity of 8.53% and a net margin of 19.97%. analysts expect that Brookline Bancorp, Inc. will post 1.08 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on BRKL shares. BidaskClub cut Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Zacks Investment Research raised Brookline Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, June 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 price objective on shares of Brookline Bancorp in a research report on Friday, July 13th. Finally, ValuEngine cut Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.67.

In other Brookline Bancorp news, insider James M. Cosman sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $18.01, for a total value of $49,527.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael W. Mccurdy sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $17.90, for a total value of $53,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,250 shares of company stock valued at $275,853. Insiders own 2.51% of the company’s stock.

Brookline Bancorp Profile

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.

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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