Brookline Bancorp, Inc. (NASDAQ:BRKL) Position Held by Shell Asset Management Co.
Shell Asset Management Co. maintained its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,331 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Brookline Bancorp were worth $866,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. State of Tennessee Treasury Department raised its stake in Brookline Bancorp by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 65,977 shares of the bank’s stock valued at $1,033,000 after buying an additional 9,957 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Brookline Bancorp by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 228,111 shares of the bank’s stock valued at $3,570,000 after buying an additional 7,375 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Brookline Bancorp by 1.1% in the first quarter. Ameriprise Financial Inc. now owns 989,090 shares of the bank’s stock valued at $15,480,000 after buying an additional 10,624 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Brookline Bancorp during the first quarter valued at approximately $335,000. Finally, Bank of New York Mellon Corp raised its stake in Brookline Bancorp by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 2,277,891 shares of the bank’s stock valued at $35,648,000 after buying an additional 24,588 shares during the last quarter. 71.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) opened at 14.30 on Thursday. The company’s 50-day moving average is $14.61 and its 200 day moving average is $14.94. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 18.57 and a beta of 0.97. Brookline Bancorp, Inc. has a 1-year low of $11.07 and a 1-year high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Brookline Bancorp had a net margin of 19.64% and a return on equity of 7.56%. The business had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $58.08 million. During the same period last year, the business earned $0.18 EPS. The company’s revenue was down 12.9% compared to the same quarter last year. Equities analysts anticipate that Brookline Bancorp, Inc. will post $0.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 9th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 46.75%.
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Several research firms recently commented on BRKL. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.00 to $16.50 in a research note on Thursday, April 27th. BidaskClub raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $15.00 price objective on shares of Brookline Bancorp in a research note on Friday, July 14th.
In related news, General Counsel Michael W. Mccurdy sold 4,895 shares of Brookline Bancorp stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $14.20, for a total value of $69,509.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.85% of the stock is owned by company insiders.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
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