Emerald Acquisition, Ltd. cut its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,756,298 shares of the company’s stock after selling 457,395 shares during the period. Emerald Acquisition, Ltd.’s holdings in Brookline Bancorp, Inc. were worth $21,403,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Moody Aldrich Partners, LLC increased its position in Brookline Bancorp, Inc. by 172.7% in the second quarter. Moody Aldrich Partners, LLC now owns 232,522 shares of the company’s stock worth $2,565,000 after buying an additional 147,252 shares during the period. Deprince Race & Zollo, Inc. increased its position in Brookline Bancorp, Inc. by 18.5% in the second quarter. Deprince Race & Zollo, Inc. now owns 1,668,511 shares of the company’s stock worth $18,404,000 after buying an additional 260,056 shares during the period. Swiss National Bank increased its position in Brookline Bancorp, Inc. by 2.3% in the second quarter. Swiss National Bank now owns 121,000 shares of the company’s stock worth $1,335,000 after buying an additional 2,700 shares during the period. Dimensional Fund Advisors, LP increased its position in Brookline Bancorp, Inc. by 6.2% in the second quarter. Dimensional Fund Advisors, LP now owns 5,756,502 shares of the company’s stock worth $63,493,000 after buying an additional 337,931 shares during the period. Finally, Nationwide Fund Advisors increased its position in Brookline Bancorp, Inc. by 0.6% in the second quarter. Nationwide Fund Advisors now owns 205,862 shares of the company’s stock worth $2,271,000 after buying an additional 1,263 shares during the period. Institutional investors and hedge funds own 75.16% of the company’s stock.
Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) remained flat at $16.40 during trading on Monday. 156,914 shares of the company were exchanged. The stock has a market cap of $1.16 billion, a PE ratio of 21.98 and a beta of 0.93. The company has a 50-day moving average price of $15.70 and a 200-day moving average price of $12.75. Brookline Bancorp, Inc. has a 1-year low of $9.91 and a 1-year high of $16.72.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last released its earnings results on Wednesday, October 19th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Brookline Bancorp, Inc. had a net margin of 20.13% and a return on equity of 7.60%. During the same quarter last year, the business posted $0.18 earnings per share. Equities analysts expect that Brookline Bancorp, Inc. will post $0.74 EPS for the current fiscal year.
Separately, Compass Point downgraded Brookline Bancorp, Inc. from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Brookline Bancorp, Inc. has a consensus rating of “Buy” and a consensus price target of $12.63.
In other news, COO James M. Cosman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $15.05, for a total transaction of $188,125.00. Following the completion of the transaction, the chief operating officer now owns 40,098 shares of the company’s stock, valued at $603,474.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Chapin sold 21,402 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $14.89, for a total transaction of $318,675.78. The disclosure for this sale can be found here. Company insiders own 2.82% of the company’s stock.
Brookline Bancorp, Inc. Company Profile
Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
