Whalerock Point Partners, LLC continued to hold its stake in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,602 shares of the company’s stock at the end of the fourth quarter. Brookline Bancorp, Inc. makes up 2.5% of Whalerock Point Partners, LLC’s portfolio, making the stock its 3rd largest position. Whalerock Point Partners, LLC owned about 0.55% of Brookline Bancorp, Inc. worth $6,406,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Brookline Bancorp, Inc. by 9.8% in the third quarter. BlackRock Fund Advisors now owns 4,892,137 shares of the company’s stock worth $59,635,000 after buying an additional 435,383 shares during the last quarter. State Street Corp boosted its stake in Brookline Bancorp, Inc. by 9.5% in the fourth quarter. State Street Corp now owns 2,086,950 shares of the company’s stock worth $34,229,000 after buying an additional 181,257 shares during the last quarter. Russell Investments Group, Ltd. acquired a new stake in Brookline Bancorp, Inc. during the fourth quarter worth about $26,849,000. Renaissance Technologies, LLC boosted its stake in Brookline Bancorp, Inc. by 18.3% in the fourth quarter. Renaissance Technologies, LLC now owns 1,118,600 shares of the company’s stock worth $18,345,000 after buying an additional 173,100 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brookline Bancorp, Inc. during the fourth quarter worth about $15,746,000. 77.36% of the stock is owned by institutional investors and hedge funds.
Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) traded down 0.33% during trading on Wednesday, hitting $15.10. 260,787 shares of the stock traded hands. The firm has a market cap of $1.06 billion, a P/E ratio of 20.41 and a beta of 0.88. Brookline Bancorp, Inc. has a 52 week low of $10.40 and a 52 week high of $17.45. The company has a 50-day moving average of $15.59 and a 200-day moving average of $14.66.
Separately, Compass Point raised Brookline Bancorp, Inc. from a “neutral” rating to a “buy” rating in a research note on Thursday, January 26, 2017.
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. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services.
