KBC Group NV Continues to Hold Position in Brookline Bancorp, Inc. (BRKL)
KBC Group NV held its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the first quarter, Holdings Channel reports. The institutional investor owned 54,319 shares of the bank’s stock at the end of the first quarter. KBC Group NV owned about 0.08% of Brookline Bancorp worth $850,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. boosted its stake in Brookline Bancorp by 5.1% in the first quarter. Hennessy Advisors Inc. now owns 620,000 shares of the bank’s stock worth $9,703,000 after buying an additional 30,000 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in 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 worth $121,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System boosted 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 worth $449,000 after buying an additional 300 shares during the last quarter. Teachers Advisors LLC boosted its stake in Brookline Bancorp by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,821 shares of the bank’s stock worth $16,053,000 after buying an additional 6,409 shares during the last quarter. Finally, Norges Bank bought a new stake in Brookline Bancorp during the fourth quarter worth $15,746,000. 72.95% of the stock is owned by institutional investors.
Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) opened at 14.70 on Friday. The firm has a market capitalization of $1.12 billion, a PE ratio of 19.60 and a beta of 0.95. The firm’s 50-day moving average price is $14.21 and its 200-day moving average price is $15.32. Brookline Bancorp, Inc. has a 52-week low of $10.40 and a 52-week high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, April 26th. The bank reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $69 million during the quarter, compared to analyst estimates of $56.36 million. Brookline Bancorp had a return on equity of 7.54% and a net margin of 19.19%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. On average, equities analysts predict that Brookline Bancorp, Inc. will post $0.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, May 10th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 48.00%.
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Separately, Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $17.00 to $16.50 in a research report on Thursday, April 27th.
In other news, General Counsel Michael W. Mccurdy sold 4,895 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $14.20, for a total transaction of $69,509.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Pereira bought 10,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were bought at an average cost of $14.50 per share, with a total value of $145,000.00. The disclosure for this purchase can be found here. 2.85% of the stock is currently owned by corporate 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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