Home News Business Brookline Bancorp, Inc. (BRKL) Holdings Raised By Wells Fargo & Company MN

Brookline Bancorp, Inc. (BRKL) Holdings Raised By Wells Fargo & Company MN

570

Wells Fargo & Company MN raised its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,704 shares of the bank’s stock after acquiring an additional 12,409 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of Brookline Bancorp, Inc. worth $4,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock, Inc. increased its position in shares of Brookline Bancorp, Inc. by 6.5% during the second quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock valued at $135,794,000 after acquiring an additional 564,134 shares during the last quarter. Vanguard Group, Inc. increased its position in shares of Brookline Bancorp, Inc. by 5.7% during the second quarter. Vanguard Group, Inc. now owns 6,931,162 shares of the bank’s stock valued at $101,195,000 after acquiring an additional 376,821 shares during the last quarter. Dimensional Fund Advisors, LP increased its position in shares of Brookline Bancorp, Inc. by 4.7% during the second quarter. Dimensional Fund Advisors, LP now owns 6,208,632 shares of the bank’s stock valued at $90,647,000 after acquiring an additional 279,758 shares during the last quarter. Fuller & Thaler Asset Management, Inc. increased its position in shares of Brookline Bancorp, Inc. by 63.7% during the third quarter. Fuller & Thaler Asset Management, Inc. now owns 3,813,898 shares of the bank’s stock valued at $59,115,000 after acquiring an additional 1,483,727 shares during the last quarter. Finally, State Street Corp increased its position in shares of Brookline Bancorp, Inc. by 11.0% during the second quarter. State Street Corp. now owns 2,579,882 shares of the bank’s stock valued at $37,666,000 after acquiring an additional 255,702 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

In related news, CEO Paul A. Perrault sold 103,255 shares of Brookline Bancorp, Inc. stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $14.69, for a total value of $1,516,815.95. Following the completion of the transaction, the chief executive officer now owns 421,122 shares in the company, valued at $6,186,282.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hall II acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average price of $15.48 per share, with a total value of $309,600.00. The disclosure for this purchase can be found here. Insiders sold 142,255 shares of company stock valued at $2,138,396 in the last 90 days. Company insiders own 2.85% of the company’s stock.

Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at $15.95 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1,195.78, a P/E ratio of 20.45 and a beta of 0.97. Brookline Bancorp, Inc. has a twelve month low of $13.60 and a twelve month high of $17.45.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $62.82 million during the quarter, compared to analysts’ expectations of $60.37 million. Brookline Bancorp, Inc. had a net margin of 19.82% and a return on equity of 7.52%. During the same quarter in the previous year, the business posted $0.19 earnings per share. research analysts expect that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.

A number of brokerages have weighed in on BRKL. BidaskClub cut shares of Brookline Bancorp, Inc. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Sandler O’Neill cut shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.83.

Brookline Bancorp 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.