CM Management LLC Has $2.12 Million Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

CM Management LLC lessened its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,000 shares of the bank’s stock after selling 45,000 shares during the period. Brookline Bancorp comprises approximately 1.8% of CM Management LLC’s portfolio, making the stock its 23rd biggest position. CM Management LLC owned about 0.20% of Brookline Bancorp worth $2,124,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning purchased a new position in Brookline Bancorp during the 3rd quarter valued at about $103,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Brookline Bancorp in the 3rd quarter worth approximately $118,000. Olympiad Research LP acquired a new stake in shares of Brookline Bancorp during the 3rd quarter valued at $153,000. Mayflower Financial Advisors LLC raised its holdings in shares of Brookline Bancorp by 38.1% during the third quarter. Mayflower Financial Advisors LLC now owns 16,318 shares of the bank’s stock worth $165,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Brookline Bancorp during the third quarter valued at $122,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Brookline Bancorp Trading Down 0.5 %

Shares of NASDAQ:BRKL opened at $11.02 on Friday. The stock’s 50-day moving average is $11.90 and its 200-day moving average is $11.40. The company has a market cap of $981.86 million, a P/E ratio of 14.31 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last issued 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 net margin of 10.51% and a return on equity of 5.94%. Equities research analysts predict that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 4.90%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 70.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com began coverage on Brookline Bancorp in a research note on Saturday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a research report on Tuesday, December 24th. Finally, Raymond James raised shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research 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.