Thrivent Financial for Lutherans Reduces Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Thrivent Financial for Lutherans reduced its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 321,965 shares of the bank’s stock after selling 18,303 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brookline Bancorp were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BRKL. Empowered Funds LLC increased its stake in shares of Brookline Bancorp by 5.4% in the third quarter. Empowered Funds LLC now owns 242,690 shares of the bank’s stock worth $2,449,000 after purchasing an additional 12,328 shares in the last quarter. Aigen Investment Management LP grew its stake in Brookline Bancorp by 136.3% in the 3rd quarter. Aigen Investment Management LP now owns 27,643 shares of the bank’s stock valued at $279,000 after buying an additional 15,946 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Brookline Bancorp in the third quarter worth $122,000. Mayflower Financial Advisors LLC grew its position in shares of Brookline Bancorp by 38.1% in the third quarter. Mayflower Financial Advisors LLC now owns 16,318 shares of the bank’s stock valued at $165,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Brookline Bancorp during the 3rd quarter valued at $153,000. 78.91% of the stock is currently owned by institutional investors.

Brookline Bancorp Stock Up 1.0 %

Shares of NASDAQ BRKL opened at $12.73 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.13 billion, a P/E ratio of 15.34 and a beta of 0.76. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The business has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $9.87.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $165.91 million during the quarter, compared to analyst estimates of $88.67 million. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. During the same period last year, the business earned $0.26 earnings per share. Research analysts anticipate that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.24%. Brookline Bancorp’s payout ratio is currently 65.06%.

Brookline Bancorp Company 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.