C M Bidwell & Associates Ltd. Invests $72,000 in Brookline Bancorp, Inc. (NASDAQ:BRKL)

C M Bidwell & Associates Ltd. acquired a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,120 shares of the bank’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRKL. Intech Investment Management LLC lifted its holdings in Brookline Bancorp by 56.8% in the 3rd quarter. Intech Investment Management LLC now owns 64,001 shares of the bank’s stock valued at $646,000 after purchasing an additional 23,172 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Brookline Bancorp by 36.6% during the third quarter. Quantbot Technologies LP now owns 19,669 shares of the bank’s stock valued at $198,000 after buying an additional 5,271 shares during the period. FMR LLC boosted its position in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after acquiring an additional 3,279 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Brookline Bancorp by 93.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,850 shares of the bank’s stock worth $604,000 after acquiring an additional 28,988 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in Brookline Bancorp in the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Trading Down 1.9 %

BRKL stock opened at $10.91 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The company has a market cap of $972.14 million, a price-to-earnings ratio of 14.17 and a beta of 0.78. The business has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.51. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, equities research analysts expect that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp’s payout ratio is currently 70.13%.

Wall Street Analyst Weigh In

BRKL has been the topic of several analyst reports. Raymond James upgraded Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Friday, December 20th. StockNews.com assumed coverage on Brookline Bancorp in a report on Monday, March 24th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a report on Tuesday, December 24th.

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.