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.

Kolaches, the pastry that can be described as cross between a doughnut and a cheesecake, or similar to a danish, have been traditionally difficult to find in the Brookline Boston area.

That is, until about a year ago when Daisy Chow, a baker at Brookline’s award winning Clear Flour Bakery near Packard’s Corner and the popular breakfast and sandwich shop Cutty’s in Brookline Village, changed that.

The puffy pastry can be sweet or savory, and does not necessarily have to involve sweet cheese. It is a West, Texas staple for many, popularized by a stop between Dallas and Austin.

“I think of it as a Texan doughnut. You might buy dozens. It’s a soft sweet and rich dough with butter, eggs and milk in it,” she said. Traditionally it has some sort of filling, from poppy seed to fruit to chocolate or cream cheese. “Since I like cream cheese so much, I put it in them all.”

Chow, who has been working for a baker’s dozen of years at Clear Flour Bakery, started to roll around the idea of starting her own bakery. A couple years ago she gathered up a business plan and was about to purchase a bakery space in JP, until the owners of that bakery doubled their asking price at the last minute. It was too much for Chow. The experience made her cautious, but it also galvanized her desire to set up shop somewhere in the Boston area. If she were to do that, she knew she needed to be extra smart.

Her bosses at Cutty’s, which helped incubate Bagelsaurus before it rolled out on as its own bagel shop in Cambridge suggested she use their kitchen for a weekly pop up at their shop and she could still work at Clear Flour.

Daisy would work for Cutty’s as an employee, use their ingredients and their customer base and make products to test them out on buying customers.

“It’s a very low risk testing ground for me to test out products, to try new flavors or different styles of baked goods,” she said. She tries it out on the Cutty’s staff first then, if it’s good, she sends it out to the world.

On Aug. 1, 2016, she put raspberry and cream cheese kolaches in the front case for the world to try.

And by the end of the morning those had sold out.

“It was a hit because no one else was making kolaches. It was a fresh new item,” said Chow for whom modesty comes naturally. But the fact that they were delicious helped.

The owners of Cutty’s are enthusiastic about Breadboard Bakery and are convinced once she secures a spot, it will draw a crowd.

“We love working with Daisy. She’s so, so, so hardworking, talented, and most of all, fun. She has so many cool, tasty ideas for her future bakery and that’s why we’re helping her,” said Charles Kelsey, who owns Cutty’s with his wife Rachel.

“We recognize her potential to create delicious greatness,” he said, adding they hope the pop-up helps send her off on her own.

Why kolaches?

Chow makes baked goods she enjoys eating. And she’d had a hankering for the treat she knew from Texas, but no one else was making them around Brookline.

So, the baker did what any baker would do. She made them herself. And then, like any baker might do, she brought some in to Cutty’s for the folks at work to share. “Charles was like you gotta make those here,” she remembers. So she did.

In the past year she has also made “wacky cake,” croissants, cinnamon knots, her take on the Swedish cinnamon roll, she has also tried biscuits. But the kolaches are probably the most popular, she said.

And then there is the wacky cake. It looks like an unassuming piece of chocolate cake but once people eat it, they look at it and almost every time, if Chow is around will affirm; “this is really, really, good.”

It is complex and made with some of the best cocoa you can buy, she said, but the recipe is a take on a simple easy cake recipe (with no butter, thus the wacky) that reminded her of her elementary school lunch days. Every Friday pizza and chocolate “wacky cake” was on the menu.

Most fun and satisfying to make are the croissants. It’s a lot of hard work and labor and she has to stand on a wooden box to get leverage. “But when they turn out really well, then I’m really happy,” she said.

Because Cutty’s is not set up like a bakery, Chow says the restrictions in place, like standing on a wooden box to get leverage to make her croissants just right, is also helpful as she works toward getting a bakery of her own. “Real” bakery equipment is expensive and working out ways to make delicious, quality baked goods without the expensive equipment means when she does find a bakery home of her own she can start up with less money.

“It’s so difficult for young, talented food upstarts to get going in the Boston area because of exorbitant rents and limited commercial space inventories,” said Kelsey of Cutty’s. “We know she’s going to crush it wherever she ends up. At this point, she just needs a sharp real estate agent/land lord who gets her…to help her find the right space.”

Chow is old school, artisan and plans to stay that way. She makes everything by hand, rather than by machines, and everything is fresh. She makes everything morning of, or night before.

She is also a perfectionist. When she walks into the kitchen to make her bread or baked goods, she is in a competition with herself. She says baking is all about paying attention and just being careful. That part is easy for her. She also takes pride in offering consistently good baked goods.

“I like consistency and rules, and repetition and it sort of explains why I really like making baguettes.

Bread is so simple anyone can make bread. But to do it consistently well, to score it properly; that’s the hard part. It’s simple; but it’s difficult. I love that. Can I hit that high mark every time?”

Who is Daisy Chow, anyway?

Chow, originally from a suburb near Dallas, Texas grew up around food. Her parents owned a restaurant and both were whizzes in the kitchen and she inherited that love for experimenting in the kitchen. When she went to Columbia University all she knew was that she loved math, so upon her brother’s suggestion, she majored in Electrical Engineering.

But in between classes, she made her way around the city by reading Zagat food reviews and trying out the restaurants that were within her budget, writing reviews for the school newspaper as she went.

So it might not come as much of a surprise that it didn’t take too long out of school and working at a Cambridge start up in her field, before Chow realized it was really food that she was passionate about.

“I loved eating. I loved food, so I looked through the classified for restaurant jobs,” she said.

She tried her hand at a number of different restaurants working as a cook for places with odd hours until she landed at Clear Flour on a tip from a co-worker.

“I finally found a food job that I love,” she said when she got there. “Everything was very regulated and scheduled, so we know what’s happening. Though there are lots of variables still; time, temperature, quantities, but still the same dough is being made. The only struggle is managing the dough.”

And now, more than a decade after she first started working there and a year after she began selling her kolaches at Cutty’s, she had her first Breadboard bakery popup at Clear Flour.

Her baked goods sold out within two hours and a week later people are still coming in asking for more.

What’s in a name? Breadboard Bakery?

The name ties her Electrical engineering together with her love for bread a staple around the world.

“A breadboard in electrical engineering is a component in circuitry, an intro of sorts. A breadboard is a way to test out circuits before you make a real one…. It’s the basis for the field,” she said. “I feel like bread is very basic. It ties the electrical engineering and the baking together. It also has the word bread in it. And that’s my jam,” she laughs and then adds, “Don’t say jam. OK. OK. Say Jam.”

A new shop specializing in Japanese tea will make its way to Brookline’s Coolidge Corner. Gen Sou En Tea House will take over the former Panera Bread location at 299 Harvard Street, with a target opening date early next year.

A sign posted at the future home of Gen Sou En indicates that it will be a “modern Japanese tea house, blending traditional Japanese culture with Boston influences.” It will serve Japanese teas, plus light breakfast, lunch, and dinner fare and bakery items, per the Brookline Tab.

Right now, the expected opening date falls in January 2018, and once it opens, Gen Sou En will operate from 6:00 a.m. to 10:00 p.m. In addition to green and black teas and coffee, Gen Sou En will also offer beer, wine, and sake.

The neighborhood has a number of coffee shops — including Starbucks, Peet’s, and Temptations Cafe — but this will be the only tea-focused destination in the area.

Brookline Bancorp, Inc. (BRKL) and First Commons Bank, N.A. announced the execution of an agreement and plan of merger, by which First Commons Bank will merge with and into Brookline Bank.

As per the terms of the agreement, Brookline will pay $16.70 per share, or $52.5 million in Brookline stock, for the outstanding shares and warrants of First Commons Bank, and $3.4 million in cash for the outstanding options, representing a total transaction value of $55.958 million.

First Commons Bank stockholders will receive 1.171 shares of Brookline common stock for each First Commons Bank share they own, subject to adjustment based on Brookline’s ten-day, volume-weighted average stock price between $13.19 and $15.33. Brookline has the option to pay up to 50% of the consideration for the outstanding shares in cash.

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.