Great West Life Assurance Co. Can maintained its stake in Brookline Bancorp Inc. (NASDAQ:BRKL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,115 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Brookline Bancorp were worth $122,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its stake in Brookline Bancorp by 5.8% in the second quarter. Suntrust Banks Inc. now owns 11,368 shares of the company’s stock worth $125,000 after buying an additional 622 shares in the last quarter. Legal & General Group Plc boosted its stake in Brookline Bancorp by 14.5% in the first quarter. Legal & General Group Plc now owns 11,953 shares of the company’s stock worth $132,000 after buying an additional 1,518 shares in the last quarter. Huntington Asset Advisors Inc. bought a new stake in Brookline Bancorp during the first quarter worth approximately $154,000. Hartford Investment Management Co. bought a new stake in Brookline Bancorp during the second quarter worth approximately $154,000. Finally, GWM Advisors LLC boosted its stake in Brookline Bancorp by 1.2% in the second quarter. GWM Advisors LLC now owns 14,872 shares of the company’s stock worth $164,000 after buying an additional 180 shares in the last quarter. 74.67% of the stock is currently owned by hedge funds and other institutional investors.
Brookline Bancorp Inc. (NASDAQ:BRKL) traded up 0.92% during midday trading on Tuesday, hitting $12.04. The company had a trading volume of 157,272 shares. Brookline Bancorp Inc. has a 52 week low of $9.86 and a 52 week high of $12.11. The stock has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.33. The stock has a market capitalization of $849.01 million, a PE ratio of 16.49 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 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 company posted $0.17 earnings per share. On average, equities analysts predict that Brookline Bancorp Inc. will post $0.73 EPS for the current year.
BRKL has been the topic of a number of recent research reports. Compass Point increased 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. Sandler O’Neill cut Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Finally, Keefe, Bruyette & Woods raised Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Friday, July 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Brookline Bancorp presently 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 business’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 available at this hyperlink. 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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