Ieq Capital LLC Has $642,000 Stock Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Ieq Capital LLC boosted its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 327.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,402 shares of the bank’s stock after acquiring an additional 41,685 shares during the quarter. Ieq Capital LLC owned 0.06% of Brookline Bancorp worth $642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Brookline Bancorp by 124.2% in 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 in the last quarter. FMR LLC increased its stake in Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after buying an additional 3,279 shares during the period. KBC Group NV lifted its position in Brookline Bancorp by 60.3% in the 4th quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after buying an additional 2,421 shares in the last quarter. Creative Planning acquired a new stake in shares of Brookline Bancorp during the 3rd quarter valued at $103,000. Finally, Townsquare Capital LLC purchased a new position in shares of Brookline Bancorp during the 3rd quarter valued at $111,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Brookline Bancorp Stock Up 1.4 %

BRKL stock opened at $11.74 on Wednesday. The firm has a market cap of $1.05 billion, a PE ratio of 15.25 and a beta of 0.79. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a fifty day simple moving average of $11.97 and a 200 day simple moving average of $11.31. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24.

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

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.135 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 4.60%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 70.13%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BRKL. Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective for the company. in a report on Tuesday, December 24th. Raymond James raised Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research note on Friday, December 20th. Finally, StockNews.com started coverage on Brookline Bancorp in a report on Thursday, February 20th. They set a “hold” rating for the company.

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.