BNP Paribas Arbitrage SA Has $229,000 Position in Brookline Bancorp, Inc. (BRKL)
BNP Paribas Arbitrage SA cut its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,638 shares of the bank’s stock after selling 1,042 shares during the period. BNP Paribas Arbitrage SA’s holdings in Brookline Bancorp were worth $229,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BRKL. State of Alaska Department of Revenue raised its position in shares of Brookline Bancorp by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 7,790 shares of the bank’s stock valued at $121,000 after buying an additional 160 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Brookline Bancorp during the first quarter valued at $213,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Brookline Bancorp by 11.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,897 shares of the bank’s stock valued at $261,000 after buying an additional 1,583 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Brookline Bancorp during the fourth quarter valued at $344,000. Finally, Louisiana State Employees Retirement System raised its stake in Brookline Bancorp by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the bank’s stock valued at $449,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.
Shares of Brookline Bancorp, Inc. (BRKL) opened at 14.70 on Friday. The firm has a 50-day moving average of $14.21 and a 200 day moving average of $15.32. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 19.60 and a beta of 0.95. Brookline Bancorp, Inc. has a 12-month low of $10.40 and a 12-month high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, April 26th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $69 million for the quarter, compared to the consensus estimate of $56.36 million. Brookline Bancorp had a net margin of 19.19% and a return on equity of 7.54%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. On average, equities research analysts expect that Brookline Bancorp, Inc. will post $0.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.45%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 48.00%.
Separately, Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.00 to $16.50 in a report on Thursday, April 27th.
In other news, General Counsel Michael W. Mccurdy sold 4,895 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Pereira purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The stock was purchased at an average price of $14.50 per share, for a total transaction of $145,000.00. The disclosure for this purchase can be found here. 2.85% of the stock is currently owned by 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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