Norges Bank purchased a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 960,123 shares of the company’s stock, valued at approximately $15,746,000. Norges Bank owned about 1.36% of Brookline Bancorp, Inc. at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Moors & Cabot, Inc. increased its stake in shares of Brookline Bancorp, Inc. by 0.8% in the third quarter. Moors & Cabot, Inc. now owns 78,872 shares of the company’s stock worth $956,000 after buying an additional 625 shares during the period. Hartford Investment Management Co. increased its stake in shares of Brookline Bancorp, Inc. by 5.7% in the third quarter. Hartford Investment Management Co. now owns 14,800 shares of the company’s stock worth $180,000 after buying an additional 800 shares during the period. Aperio Group, LLC increased 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 during the period. Ladenburg Thalmann Financial Services, Inc. increased its stake in shares of Brookline Bancorp, Inc. by 11.1% in the fourth quarter. Ladenburg Thalmann Financial Services, Inc. now owns 15,897 shares of the company’s stock worth $261,000 after buying an additional 1,583 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of 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 worth $822,000 after buying an additional 1,800 shares during the period. 77.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at 14.55 on Monday. Brookline Bancorp, Inc. has a one year low of $10.40 and a one year high of $17.45. The company’s 50-day moving average is $15.40 and its 200-day moving average is $14.91. The stock has a market capitalization of $1.02 billion, a P/E ratio of 19.66 and a beta of 0.88.
Separately, Compass Point raised shares of Brookline Bancorp from a “neutral” rating to a “buy” rating in a report 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.
