Brookline Bancorp, Inc. (BRKL) Stake Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA grew its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 86.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,448 shares of the bank’s stock after buying an additional 20,548 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Brookline Bancorp worth $689,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of BRKL. Amalgamated Bank acquired a new position in Brookline Bancorp during the second quarter worth $150,000. Alpine Woods Capital Investors LLC raised its holdings in Brookline Bancorp by 20.0% during the second quarter. Alpine Woods Capital Investors LLC now owns 12,000 shares of the bank’s stock worth $175,000 after purchasing an additional 2,000 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Brookline Bancorp during the second quarter worth $176,000. Victory Capital Management Inc. raised its holdings in Brookline Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,137 shares of the bank’s stock worth $177,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Brookline Bancorp by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 13,953 shares of the bank’s stock worth $218,000 after purchasing an additional 1,947 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.
Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at $15.90 on Wednesday. The stock has a market capitalization of $1,220.00, a price-to-earnings ratio of 20.51 and a beta of 0.97. Brookline Bancorp, Inc. has a 1-year low of $13.60 and a 1-year high of $17.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $62.82 million during the quarter, compared to analysts’ expectations of $60.37 million. Brookline Bancorp had a return on equity of 7.52% and a net margin of 19.82%. During the same period in the previous year, the firm posted $0.19 earnings per share. analysts predict that Brookline Bancorp, Inc. will post 0.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, November 2nd. Brookline Bancorp’s payout ratio is 46.15%.
Several equities analysts recently issued reports on the company. Sandler O’Neill cut Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub raised Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Brookline Bancorp has a consensus rating of “Hold” and an average target price of $15.83.
In other Brookline Bancorp news, CEO Paul A. Perrault sold 103,255 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $14.69, for a total transaction of $1,516,815.95. Following the completion of the transaction, the chief executive officer now owns 421,122 shares of the company’s stock, valued at $6,186,282.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Peck sold 16,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $16.38, for a total value of $262,080.00. The disclosure for this sale can be found here. Insiders have sold 126,255 shares of company stock valued at $1,882,396 in the last three months. 2.85% of the stock is currently owned by company insiders.
About Brookline Bancorp
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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