Brookline Bancorp (BRKL) : Moody Aldrich Partners reduced its stake in Brookline Bancorp by 91.82% during the most recent quarter end. The investment management company now holds a total of 85,270 shares of Brookline Bancorp which is valued at $970,373 after selling 957,182 shares in Brookline Bancorp , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Brookline Bancorp makes up approximately 2.06% of Moody Aldrich Partners’s portfolio.
Brookline Bancorp opened for trading at $11.4 and hit $11.52 on the upside on Monday, eventually ending the session at $11.51, with a gain of 1.14% or 0.13 points. The heightened volatility saw the trading volume jump to 2,53,540 shares. Company has a market cap of $810 M.
Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in BRKL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 31,200 shares of Brookline Bancorp which is valued at $355,056. Brookline Bancorp makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.Boston Advisors reduced its stake in BRKL by selling 950 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 98,304 shares of BRKL which is valued at $1,135,411. Brookline Bancorp makes up approx 0.03% of Boston Advisors’s portfolio. Clean Yield Group added BRKL to its portfolio by purchasing 3,700 company shares during the most recent quarter which is valued at $41,144. Brookline Bancorp makes up approx 0.02% of Clean Yield Group’s portfolio.Capstone Asset Management Co reduced its stake in BRKL by selling 1,610 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 20,407 shares of BRKL which is valued at $226,926. Brookline Bancorp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Brookline Bancorp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 53.24.During the same quarter in the previous year, the company posted $0.17 EPS.
Brookline Bancorp Inc. operates as a multi-bank holding company for Brookline Bank a Massachusetts-chartered savings bank; Bank Rhode Island (BankRI) a Rhode Island-chartered financial institution and First Ipswich Bank (First Ipswich) a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial business and retail banking services to its corporate municipal and individual customers through its banks and non-bank subsidiaries. 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. The Company also provides specialty equipment financing.