Bank of Montreal Can Has $1,336,000 Position in Brookline Bancorp, Inc. (BRKL)
Bank of Montreal Can reduced its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 27.1% during the third quarter, Holdings Channel reports. The firm owned 109,592 shares of the company’s stock after selling 40,819 shares during the period. Bank of Montreal Can owned approximately 0.16% of Brookline Bancorp worth $1,336,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Brookline Bancorp by 4.2% in the second quarter. Vanguard Group Inc. now owns 5,778,672 shares of the company’s stock worth $63,739,000 after buying an additional 234,809 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Brookline Bancorp by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,756,502 shares of the company’s stock worth $63,493,000 after buying an additional 337,931 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Brookline Bancorp by 2.8% in the second quarter. BlackRock Fund Advisors now owns 4,456,754 shares of the company’s stock worth $49,158,000 after buying an additional 121,740 shares during the last quarter. State Street Corp boosted its stake in shares of Brookline Bancorp by 1.6% in the second quarter. State Street Corp now owns 1,856,196 shares of the company’s stock worth $20,475,000 after buying an additional 29,348 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Brookline Bancorp by 18.5% in the second quarter. Deprince Race & Zollo Inc. now owns 1,668,511 shares of the company’s stock worth $18,404,000 after buying an additional 260,056 shares during the last quarter. Hedge funds and other institutional investors own 75.16% of the company’s stock.
Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at 16.00 on Friday. The company’s 50-day moving average is $15.90 and its 200-day moving average is $12.92. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 21.45 and a beta of 0.93. Brookline Bancorp, Inc. has a 12 month low of $9.91 and a 12 month high of $16.85.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, October 19th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Brookline Bancorp had a return on equity of 7.60% and a net margin of 20.13%. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, equities research analysts anticipate that Brookline Bancorp, Inc. will post $0.74 earnings per share for the current year.
Separately, Compass Point cut shares of Brookline Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Brookline Bancorp presently has a consensus rating of “Buy” and a consensus target price of $12.63.
In other news, Director David C. Chapin sold 21,402 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $14.89, for a total transaction of $318,675.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James M. Cosman sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $15.05, for a total transaction of $188,125.00. Following the transaction, the chief operating officer now directly owns 40,098 shares of the company’s stock, valued at $603,474.90. The disclosure for this sale can be found here. Corporate insiders own 2.82% of the company’s stock.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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