Home News Business Renaissance Technologies, LLC Increases Position In Brookline Bancorp, Inc. (BRKL)

Renaissance Technologies, LLC Increases Position In Brookline Bancorp, Inc. (BRKL)

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Renaissance Technologies, LLC boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 18.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,118,600 shares of the company’s stock after buying an additional 173,100 shares during the period. Renaissance Technologies, LLC owned about 1.59% of Brookline Bancorp worth $18,345,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of Brookline Bancorp 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 in the last quarter. Rhumbline Advisers boosted its stake in shares of Brookline Bancorp by 2.4% in the third quarter. Rhumbline Advisers now owns 149,090 shares of the company’s stock worth $1,817,000 after buying an additional 3,530 shares in the last quarter. Moody Aldrich Partners, LLC boosted its stake in shares of Brookline Bancorp by 12.1% in the third quarter. Moody Aldrich Partners, LLC now owns 260,592 shares of the company’s stock worth $3,177,000 after buying an additional 28,070 shares in the last quarter. Whalerock Point Partners, LLC purchased a new stake in shares of Brookline Bancorp during the third quarter worth about $4,761,000. Finally, Aperio Group, LLC boosted its stake in shares of Brookline Bancorp by 5.0% in the third quarter. Aperio Group, LLC now owns 21,488 shares of the company’s stock worth $262,000 after buying an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at 15.40 on Friday. Brookline Bancorp, Inc. has a 12 month low of $10.40 and a 12 month high of $17.45. The company has a market capitalization of $1.08 billion, a PE ratio of 20.81 and a beta of 0.88. The stock’s 50 day moving average price is $15.81 and its 200 day moving average price is $14.35.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Brookline Bancorp had a return on equity of 7.53% and a net margin of 19.97%. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, analysts forecast that Brookline Bancorp, Inc. will post $0.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.34%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 48.65%.

Separately, Compass Point upgraded Brookline Bancorp from a “neutral” rating to a “buy” rating in a research note on Thursday, January 26th.

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.