XTX Topco Ltd Sells 7,172 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

XTX Topco Ltd trimmed its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 27.7% during the 4th quarter, Holdings Channel reports. The firm owned 18,758 shares of the bank’s stock after selling 7,172 shares during the period. XTX Topco Ltd’s holdings in Brookline Bancorp were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BRKL. Invesco Ltd. raised its position in shares of Brookline Bancorp by 118.8% during the 4th quarter. Invesco Ltd. now owns 1,041,930 shares of the bank’s stock valued at $12,295,000 after purchasing an additional 565,719 shares during the period. JPMorgan Chase & Co. raised its position in shares of Brookline Bancorp by 62.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 404,897 shares during the period. American Century Companies Inc. increased its holdings in Brookline Bancorp by 17.0% in the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank’s stock valued at $22,465,000 after acquiring an additional 276,025 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Brookline Bancorp by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank’s stock worth $10,369,000 after purchasing an additional 236,066 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock valued at $36,974,000 after purchasing an additional 224,888 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Brookline Bancorp in a report on Friday. They issued a “hold” rating on the stock.

Brookline Bancorp Stock Performance

NASDAQ BRKL opened at $10.26 on Monday. The stock has a market capitalization of $922.99 million, a PE ratio of 13.32 and a beta of 0.71. The business has a 50 day simple moving average of $10.71 and a two-hundred day simple moving average of $11.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. Brookline Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $91.49 million for the quarter, compared to analysts’ expectations of $91.38 million. Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, research analysts predict that Brookline Bancorp, Inc. will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.26%. The ex-dividend date is Friday, May 9th. Brookline Bancorp’s dividend payout ratio is presently 70.13%.

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.