EMC Capital Management Has $160,000 Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

EMC Capital Management raised its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,829 shares of the bank’s stock after buying an additional 1,819 shares during the quarter. EMC Capital Management’s holdings in Brookline Bancorp were worth $160,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Jennison Associates LLC raised its position in shares of Brookline Bancorp by 9.4% during the first quarter. Jennison Associates LLC now owns 4,917,763 shares of the bank’s stock valued at $48,981,000 after buying an additional 424,115 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Brookline Bancorp by 67.2% in the third quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock valued at $6,484,000 after purchasing an additional 258,267 shares in the last quarter. American Century Companies Inc. lifted its position in Brookline Bancorp by 21.1% in the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock worth $11,951,000 after purchasing an additional 249,113 shares during the period. AQR Capital Management LLC increased its holdings in Brookline Bancorp by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock valued at $4,106,000 after buying an additional 158,329 shares during the period. Finally, Inspire Advisors LLC acquired a new position in shares of Brookline Bancorp in the 2nd quarter valued at $1,298,000. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Stock Up 0.2 %

BRKL opened at $11.27 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 13.58 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.11 and a current ratio of 1.13. The firm’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $9.48. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $11.63.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.79%. Brookline Bancorp’s dividend payout ratio is 65.06%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on shares of Brookline Bancorp from $10.50 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th.

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.