Mayport LLC Trims Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Mayport LLC trimmed its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 50.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,033 shares of the bank’s stock after selling 14,404 shares during the quarter. Mayport LLC’s holdings in Brookline Bancorp were worth $166,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Brookline Bancorp by 124.2% in the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,595 shares in the last quarter. FMR LLC raised its holdings in shares of Brookline Bancorp by 174.9% in the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,279 shares in the last quarter. KBC Group NV grew its stake in Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,421 shares during the last quarter. Creative Planning purchased a new position in Brookline Bancorp in the third quarter valued at about $103,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Brookline Bancorp during the third quarter worth about $111,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods cut 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 research note on Tuesday, December 24th. StockNews.com began coverage on Brookline Bancorp in a report on Friday. They issued a “hold” rating on the stock. Finally, Raymond James raised Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Friday, December 20th.

Brookline Bancorp Price Performance

Shares of NASDAQ BRKL opened at $11.68 on Tuesday. 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, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The stock has a 50 day moving average of $11.96 and a two-hundred day moving average of $11.37. The stock has a market cap of $1.04 billion, a P/E ratio of 15.17 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share 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, research analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 4.62%. Brookline Bancorp’s dividend payout ratio is currently 70.13%.

About Brookline Bancorp

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.