Metropolitan Life Insurance Co. NY decreased its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 0.0% during the fourth quarter, Holdings Channel reports. The fund owned 46,582 shares of the company’s stock after selling 12 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Brookline Bancorp were worth $764,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Polaris Capital Management, LLC increased its position in Brookline Bancorp, Inc. by 7.4% in the fourth quarter. Polaris Capital Management, LLC now owns 950,091 shares of the company’s stock valued at $15,581,000 after buying an additional 65,200 shares during the last quarter. A.R.T. Advisors, LLC acquired a new position in Brookline Bancorp during the fourth quarter valued at about $344,000. Public Sector Pension Investment Board increased its position in Brookline Bancorp, Inc. by 3.7% in the fourth quarter. Public Sector Pension Investment Board now owns 50,124 shares of the company’s stock valued at $822,000 after buying an additional 1,800 shares during the last quarter. Renaissance Technologies, LLC increased its position in Brookline Bancorp, Inc. by 18.3% in the fourth quarter. Renaissance Technologies, LLC now owns 1,118,600 shares of the company’s stock valued at $18,345,000 after buying an additional 173,100 shares during the last quarter. Finally, Martingale Asset Management, LP increased its position in Brookline Bancorp, Inc. by 146.0% in the fourth quarter. Martingale Asset Management, LP now owns 226,347 shares of the company’s stock valued at $3,713,000 after buying an additional 134,333 shares during the last quarter. 77.36% of the stock is owned by hedge funds and other institutional investors.
Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at 15.65 on Monday. The stock’s 50 day moving average is $15.62 and its 200 day moving average is $14.57. Brookline Bancorp, Inc. has a 1-year low of $10.40 and a 1-year high of $17.45. The company has a market cap of $1.10 billion, a P/E ratio of 21.15 and a beta of 0.88.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 25th. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. Brookline Bancorp, Inc. had a net margin of 19.97% and a return on equity of 7.53%. During the same quarter last year, the firm posted $0.19 EPS. Equities analysts anticipate that Brookline Bancorp, Inc. will post $0.82 earnings per share for the current fiscal year.
Separately, Compass Point raised shares of Brookline Bancorp, Inc. from a “neutral” rating to a “buy” rating in a research note on Thursday, January 26th.
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.
