Robeco Institutional Asset Management B.V. maintained its position in shares of Brookline Bancorp Inc. (NASDAQ:BRKL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,849 shares of the company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in Brookline Bancorp were worth $196,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Brookline Bancorp by 14.5% in the first quarter. Legal & General Group Plc now owns 11,953 shares of the company’s stock valued at $132,000 after buying an additional 1,518 shares in the last quarter. Huntington Asset Advisors Inc. bought a new position in shares of Brookline Bancorp during the first quarter valued at approximately $154,000. Hartford Investment Management Co. bought a new position in shares of Brookline Bancorp during the second quarter valued at approximately $154,000. GWM Advisors LLC increased its position in shares of Brookline Bancorp by 1.2% in the second quarter. GWM Advisors LLC now owns 14,872 shares of the company’s stock valued at $164,000 after buying an additional 180 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Brookline Bancorp by 107.6% in the second quarter. BNP Paribas Arbitrage SA now owns 21,935 shares of the company’s stock valued at $242,000 after buying an additional 11,370 shares in the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.
Shares of Brookline Bancorp Inc. (NASDAQ:BRKL) traded up 1.41% during mid-day trading on Friday, hitting $12.19. The stock had a trading volume of 154,831 shares. Brookline Bancorp Inc. has a 12 month low of $9.91 and a 12 month high of $12.23. The stock’s 50-day moving average is $11.82 and its 200 day moving average is $11.36. The company has a market cap of $859.59 million, a PE ratio of 16.70 and a beta of 0.90.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Brookline Bancorp had a return on equity of 7.59% and a net margin of 20.27%. During the same quarter in the previous year, the firm earned $0.17 earnings per share. On average, equities research analysts forecast that Brookline Bancorp Inc. will post $0.73 earnings per share for the current fiscal year.
Several research analysts have commented on the company. Compass Point raised their target price on Brookline Bancorp from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Keefe, Bruyette & Woods upgraded Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Friday, July 8th. Finally, Sandler O’Neill downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.63.
In related news, General Counsel Michael W. Mccurdy sold 9,200 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $11.80, for a total transaction of $108,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.82% of the company’s stock.
About Brookline Bancorp
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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