Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 120,281 shares of the bank’s stock after selling 6,350 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Brookline Bancorp worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank raised its holdings in Brookline Bancorp by 2.3% in the fourth quarter. Comerica Bank now owns 101,892 shares of the bank’s stock valued at $1,586,000 after buying an additional 2,268 shares during the period. Norges Bank purchased a new position in Brookline Bancorp in the fourth quarter valued at approximately $15,224,000. Goldman Sachs Group Inc. raised its holdings in Brookline Bancorp by 5.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,091 shares of the bank’s stock valued at $41,579,000 after buying an additional 137,619 shares during the period. Nuveen Asset Management LLC raised its holdings in Brookline Bancorp by 9.2% in the fourth quarter. Nuveen Asset Management LLC now owns 479,212 shares of the bank’s stock valued at $7,888,000 after buying an additional 40,417 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Brookline Bancorp by 186.0% in the first quarter. Bessemer Group Inc. now owns 110,400 shares of the bank’s stock valued at $1,245,000 after buying an additional 71,800 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

A number of analysts have recently issued reports on BRKL shares. Compass Point upgraded shares of Brookline Bancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 6th. Zacks Investment Research lowered shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 15th. Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 17th. TheStreet lowered shares of Brookline Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, March 16th. Finally, DA Davidson started coverage on shares of Brookline Bancorp in a research note on Monday, June 15th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Shares of NASDAQ:BRKL opened at $9.89 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $9.48 and a 200 day simple moving average of $12.65. The firm has a market cap of $734.74 million, a PE ratio of 16.48 and a beta of 0.75. Brookline Bancorp, Inc. has a 12-month low of $8.13 and a 12-month high of $16.96.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.45). The company had revenue of $71.04 million during the quarter, compared to the consensus estimate of $70.56 million. Brookline Bancorp had a return on equity of 5.15% and a net margin of 12.67%. As a group, equities research analysts forecast that Brookline Bancorp, Inc. will post 0.3 EPS for the current fiscal year.

In other Brookline Bancorp news, Director Thomas J. Hollister acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price of $9.18 per share, with a total value of $64,260.00. Also, CFO Carl M. Carlson acquired 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was acquired at an average cost of $9.11 per share, with a total value of $27,330.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 15,000 shares of company stock valued at $134,440. Insiders own 2.59% of the company’s stock.

Brookline Bancorp Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits.

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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