Canton Hathaway LLC Cuts Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Canton Hathaway LLC decreased its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 10.4% in the 3rd quarter, Holdings Channel reports. The firm owned 182,290 shares of the bank’s stock after selling 21,132 shares during the quarter. Canton Hathaway LLC’s holdings in Brookline Bancorp were worth $1,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BRKL. EntryPoint Capital LLC purchased a new position in Brookline Bancorp in the first quarter valued at about $47,000. CWM LLC grew its holdings in shares of Brookline Bancorp by 1,806.5% in the 2nd quarter. CWM LLC now owns 8,827 shares of the bank’s stock worth $74,000 after acquiring an additional 8,364 shares during the period. Creative Planning acquired a new stake in shares of Brookline Bancorp in the 3rd quarter worth approximately $103,000. Alta Wealth Advisors LLC purchased a new position in Brookline Bancorp in the 3rd quarter valued at approximately $117,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Brookline Bancorp during the third quarter worth $118,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Up 0.4 %

BRKL opened at $12.65 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 15.18 and a beta of 0.76. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15. The business’s fifty day moving average is $10.92 and its two-hundred day moving average is $9.84.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. The business had revenue of $165.91 million for the quarter, compared to analyst estimates of $88.67 million. During the same period in the previous year, the firm earned $0.26 EPS. Analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.27%. Brookline Bancorp’s dividend payout ratio is presently 65.06%.

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.