Shares of the company are trading at $15.30 which is slightly above $14.25, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $14.59. The 50 day moving average was up $1.05 or +7.34% and the 200 day average moved up $0.71. (NASDAQ:BRKL) shares saw light trading volume with 510K shares changing hands on Thursday. Shares saw a steep decrease in trading volume of 28.75% under the normal average daily volume.
Traders are more bearish on Brookline Bancorp, Inc. of late if you pay attention to the motion in short interest. The firm saw a rise in short interest from August 15, 2017 to August 31, 2017 of 7.27%. Short shares grew 127,288 over that timeframe. Days to cover decreased from 6.0 to 6.0 and the short interest percentage is 0.03% as of August 31.
Here are a few substantial investment firms who have updated their positions. UBS Group Ag bolstered its holdings by buying 47,436 shares an increase of 2,737.2% from 03/31/2017 to 06/30/2017. UBS Group Ag now controls 49,169 shares valued at $718,000. The total value of its holdings increased 2,559.3%. As of the end of the quarter Moors & Cabot, Inc. had acquired 16,428 shares growing its stake by 29.2%. The value of the investment in BRKL increased from $889,000 to $1,066,000 increasing 19.9% quarter to quarter.
Fj Capital Management, LLC augmented its ownership by buying 107,500 shares an increase of 1,014.2% as of 06/30/2017. Fj Capital Management, LLC claims 118,100 shares with a value of $1,725,000. The value of the position overall is up by 939.2%. As of quarter end Gwm Advisors, LLC had bought a total of 8,998 shares growing its holdings by 14.0%. The value of the total investment in Brookline Bancorp, Inc. went from $974,000 to $1,072,778,000 a change of 110,041.5% since the last quarter.
The company is trading up from yesterday’s close of 14.95. Brookline Bancorp, Inc. also declared a dividend for shareholders that was paid on Friday the 25th of August 2017. The dividend payment was $0.090 per share for the quarter or $0.36 annualized. The dividend yield was $2.42. The ex-dividend date was Wednesday the 9th of August 2017.
The company currently has a P/E ratio of 19.87 and the market cap is 1.17B. As of the last earnings report the EPS was $0.77 and is projected to be $0.79 for the current year with 76,607,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.20 with next year’s EPS anticipated to be $0.96.
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.