Ieq Capital LLC Has $642,000 Position in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Ieq Capital LLC lifted its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 327.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 54,402 shares of the bank’s stock after acquiring an additional 41,685 shares during the period. Ieq Capital LLC’s holdings in Brookline Bancorp were worth $642,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,595 shares in the last quarter. FMR LLC increased its position in shares of Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,279 shares during the period. KBC Group NV increased its position in shares of Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,421 shares during the period. Creative Planning acquired a new position in shares of Brookline Bancorp in the third quarter valued at $103,000. Finally, Townsquare Capital LLC bought a new position in Brookline Bancorp in the third quarter worth $111,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BRKL. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a report on Tuesday, December 24th. StockNews.com started coverage on shares of Brookline Bancorp in a research note on Thursday, February 20th. They issued a “hold” rating on the stock. Finally, Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research note on Friday, December 20th.

Brookline Bancorp Stock Up 1.4 %

Shares of NASDAQ BRKL opened at $11.74 on Wednesday. Brookline Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $13.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The business has a fifty day moving average of $11.97 and a two-hundred day moving average of $11.31. The stock has a market cap of $1.05 billion, a PE ratio of 15.25 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL) last announced 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%. As a group, equities research analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, February 14th. Brookline Bancorp’s payout ratio is currently 70.13%.

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.