Home News Business Brookline Bancorp, Inc. (NASDAQ:BRKL) Experiences Lighter than Usual Trading Volume

Brookline Bancorp, Inc. (NASDAQ:BRKL) Experiences Lighter than Usual Trading Volume


Brookline Bancorp, Inc. shares had a trading volume of 168K on Thursday. Shares saw a steep decrease in trading volume of 76.50% under the normal average daily volume.

Short traders are feeling a little more bearish on shares of the company of late if you pay attention to the motion in short interest. The stock experienced a rise in short interest of 4.16% as of August 15, 2017 from the last reporting period. Short interest grew 69,969 over that period. Days to cover increased 2.8 to 6.0 and the short interest percentage is 0.12% as of August 15.

These funds have also shifted positions in (BRKL). As of the end of the quarter Gwm Advisors, LLC had acquired a total of 8,998 shares growing its holdings by 14.0%. The value of the investment in (BRKL) went from $974,000 to $1,072,778,000 a change of 110,041.5% quarter to quarter. Fj Capital Management, LLC expanded its position by buying 107,500 shares an increase of 1,014.2% from 03/31/2017 to 06/30/2017. Fj Capital Management, LLC controls 118,100 shares with a value of $1,725,000. The total value of its holdings increased 939.2%.

Moors & Cabot, Inc. augmented its ownership by buying 16,428 shares an increase of 29.2% in the quarter. Moors & Cabot, Inc. now controls 72,660 shares valued at $1,066,000. The value of the position overall is up by 19.9%. As of quarter end Ubs Group Ag had bought 47,436 shares growing its stake by 2,737.2%. The value of the investment in Brookline Bancorp, Inc. increased from $27,000 to $718,000 increasing 2,559.3% for the reporting period.

The company is now unchanged from yesterday’s close of $14.25. Additionally the company recently declared a dividend for shareholders that was paid on Friday the 25th of August 2017. The dividend was $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend represents a yield of $2.53 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 9th of August 2017.

Company shares last traded at $14.25 just below the 50 day moving average which is $14.47 and which is slightly below the 200 day moving average of $14.79. The 50 day moving average was down $-0.22 and the 200 day average went down by -3.66%.

The company currently has a P/E ratio of 18.51 and the market cap of the company is 1.09B. As of the latest earnings report the EPS was $0.77 and is expected to be $0.79 for the current year with 76,607,000 shares outstanding. Next quarter’s EPS is expected be $0.20 with next year’s EPS projected to be $0.95.

About Brookline Bancorp, Inc.

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.