Victory Capital Management Inc. Sells 8,709 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Victory Capital Management Inc. lessened its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 34.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,654 shares of the bank’s stock after selling 8,709 shares during the period. Victory Capital Management Inc.’s holdings in Brookline Bancorp were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after purchasing an additional 1,595 shares during the period. FMR LLC boosted its position in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after purchasing an additional 3,279 shares during the period. KBC Group NV boosted its position in Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after purchasing an additional 2,421 shares during the period. Townsquare Capital LLC bought a new position in Brookline Bancorp during the third quarter worth about $111,000. Finally, iSAM Funds UK Ltd bought a new position in Brookline Bancorp during the third quarter worth about $123,000. Institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Performance

Shares of BRKL stock opened at $10.86 on Monday. Brookline Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $13.15. The stock has a market cap of $967.68 million, a PE ratio of 14.10 and a beta of 0.78. 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’s fifty day moving average price is $11.74 and its 200-day moving average price is $11.47.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, equities analysts expect that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s dividend payout ratio is presently 70.13%.

Wall Street Analyst Weigh In

BRKL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective for the company. in a research report on Tuesday, December 24th. StockNews.com began coverage on shares of Brookline Bancorp in a report on Monday. They issued a “hold” rating on the stock. Finally, Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Friday, December 20th.

About Brookline Bancorp

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.