XTX Topco Ltd Purchases 12,173 Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

XTX Topco Ltd grew its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 88.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 25,930 shares of the bank’s stock after acquiring an additional 12,173 shares during the quarter. XTX Topco Ltd’s holdings in Brookline Bancorp were worth $262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of Brookline Bancorp by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock worth $6,484,000 after buying an additional 258,267 shares in the last quarter. American Century Companies Inc. raised its position in Brookline Bancorp by 21.1% during the second quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock valued at $11,951,000 after purchasing an additional 249,113 shares during the period. AQR Capital Management LLC lifted its stake in shares of Brookline Bancorp by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock valued at $4,106,000 after purchasing an additional 158,329 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of Brookline Bancorp in the 2nd quarter worth approximately $1,298,000. Finally, Bank of Montreal Can bought a new position in shares of Brookline Bancorp during the 2nd quarter valued at approximately $1,042,000. 78.91% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Stock Down 4.0 %

Shares of NASDAQ:BRKL opened at $11.64 on Thursday. The firm has a market capitalization of $1.04 billion, a PE ratio of 14.02 and a beta of 0.78. The business has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $10.31. Brookline Bancorp, Inc. has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (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 analysts’ expectations of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same quarter in the previous year, the business earned $0.26 EPS. On average, equities analysts predict that Brookline Bancorp, Inc. will post 0.82 EPS for the current year.

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.64%. Brookline Bancorp’s payout ratio is 65.06%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $14.50 in a research note on Wednesday, December 4th.

Brookline Bancorp 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.