Citadel Advisors LLC lowered its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 54.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,801 shares of the bank’s stock after selling 15,292 shares during the period. Citadel Advisors LLC’s holdings in Brookline Bancorp were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BRKL. Principal Financial Group Inc. increased its position in shares of Brookline Bancorp by 0.6% during the first quarter. Principal Financial Group Inc. now owns 588,866 shares of the bank’s stock worth $9,540,000 after acquiring an additional 3,558 shares during the period. Victory Capital Management Inc. increased its position in shares of Brookline Bancorp by 15.9% during the second quarter. Victory Capital Management Inc. now owns 27,638 shares of the bank’s stock worth $514,000 after acquiring an additional 3,791 shares during the period. Xact Kapitalforvaltning AB increased its position in shares of Brookline Bancorp by 25.7% during the first quarter. Xact Kapitalforvaltning AB now owns 18,583 shares of the bank’s stock worth $301,000 after acquiring an additional 3,800 shares during the period. Comerica Bank increased its position in shares of Brookline Bancorp by 4.1% during the second quarter. Comerica Bank now owns 104,928 shares of the bank’s stock worth $1,931,000 after acquiring an additional 4,129 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Brookline Bancorp by 2.3% during the first quarter. Rhumbline Advisers now owns 184,345 shares of the bank’s stock worth $2,986,000 after acquiring an additional 4,182 shares during the period. 75.79% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on BRKL. BidaskClub lowered shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Zacks Investment Research raised shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 target price on shares of Brookline Bancorp in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.67.

Shares of NASDAQ:BRKL opened at $17.35 on Tuesday. The company has a market cap of $1.42 billion, a PE ratio of 21.69 and a beta of 0.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. Brookline Bancorp, Inc. has a one year low of $14.45 and a one year high of $19.35.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $68.24 million for the quarter, compared to analyst estimates of $69.40 million. Brookline Bancorp had a net margin of 19.97% and a return on equity of 8.53%. sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.08 earnings per share for the current year.

In related news, Director David C. Chapin sold 5,000 shares of Brookline Bancorp stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $18.01, for a total transaction of $90,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider M Robert Rose sold 4,500 shares of Brookline Bancorp stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $18.35, for a total transaction of $82,575.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,250 shares of company stock worth $275,853. 2.51% of the stock is currently owned by corporate insiders.

Brookline Bancorp Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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