Sherbrooke Park Advisers LLC Purchases New Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Sherbrooke Park Advisers LLC purchased a new stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,048 shares of the bank’s stock, valued at approximately $178,000.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Brookline Bancorp by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank’s stock valued at $674,000 after buying an additional 811 shares during the period. LPL Financial LLC increased its stake in Brookline Bancorp by 3.2% in the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank’s stock valued at $508,000 after buying an additional 1,323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Brookline Bancorp by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,139 shares of the bank’s stock valued at $592,000 after buying an additional 1,859 shares during the period. Mariner LLC increased its stake in Brookline Bancorp by 6.7% in the 4th quarter. Mariner LLC now owns 34,954 shares of the bank’s stock valued at $412,000 after buying an additional 2,194 shares during the period. Finally, KBC Group NV increased its stake in Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after buying an additional 2,421 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Price Performance

NASDAQ BRKL opened at $10.94 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $11.50. The company has a market cap of $974.81 million, a P/E ratio of 14.21 and a beta of 0.88. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $91.49 million for the quarter, compared to the consensus estimate of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, sell-side analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current year.

Brookline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, May 9th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Brookline Bancorp in a research note on Monday. They set a “hold” rating on the stock.

Brookline Bancorp 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.