Brookline Bancorp (BRKL) : Moody Aldrich Partners scooped up 147,252 additional shares in Brookline Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 232,522 shares of Brookline Bancorp which is valued at $2,678,653.Brookline Bancorp makes up approximately 2.13% of Moody Aldrich Partners’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in BRKL by selling 2,800 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 210,200 shares of BRKL which is valued at $2,425,708. Brookline Bancorp makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.
Brookline Bancorp (BRKL) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.34 and reached the intraday high at $11.5. The bulls started the profit booking and pushed the shares to intraday low of $11.29. The trading session was marked by a volume range of 2,65,574 shares exchanging hands. The 52-week high of the shares is $11.9746 and the 52-week low is $9.86. The market cap of the company stands at $802 M and there are 7,03,98,186 shares in public circulation.
On the company’s financial health, Brookline Bancorp reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.19.Analysts expectations of $ 53.99.During the same quarter in the previous year, the company posted $0.17 EPS.
Investors should note that on Jul 20, 2016, Brookline Bancorp announced a cash dividend of $0.0900. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.
Many Wall Street Analysts have commented on Brookline Bancorp. Company shares were Reiterated by Compass Point on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $12 .Brookline Bancorp was Upgraded by Keefe Bruyette to ” Outperform” on Jul 8, 2016. Brookline Bancorp was Downgraded by Sandler O’Neill to ” Hold” on Jun 7, 2016.
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.