Mayport LLC Has $287,000 Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

by · The Cerbat Gem

Mayport LLC boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL – Free Report) by 54.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,437 shares of the bank’s stock after buying an additional 10,000 shares during the period. Mayport LLC’s holdings in Brookline Bancorp were worth $287,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BRKL. EntryPoint Capital LLC bought a new position in Brookline Bancorp in the 1st quarter valued at approximately $47,000. CWM LLC boosted its holdings in shares of Brookline Bancorp by 1,806.5% during the 2nd quarter. CWM LLC now owns 8,827 shares of the bank’s stock valued at $74,000 after acquiring an additional 8,364 shares in the last quarter. Creative Planning acquired a new stake in shares of Brookline Bancorp during the 3rd quarter valued at $103,000. SG Americas Securities LLC bought a new stake in Brookline Bancorp during the 2nd quarter worth $102,000. Finally, XTX Topco Ltd acquired a new position in Brookline Bancorp in the 2nd quarter worth about $115,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp Stock Performance

Shares of BRKL opened at $10.72 on Thursday. Brookline Bancorp, Inc. has a one year low of $7.93 and a one year high of $11.52. The company has a market cap of $952.95 million, a PE ratio of 11.53 and a beta of 0.78. The stock has a 50-day moving average of $9.97 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.11 and a quick ratio of 1.11.

Brookline Bancorp (NASDAQ:BRKL – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. The firm had revenue of $161.75 million for the quarter, compared to analyst estimates of $89.40 million. During the same period last year, the firm earned $0.26 earnings per share. On average, equities research analysts predict that Brookline Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, August 16th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 58.06%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

Read Our Latest Analysis on BRKL

About Brookline Bancorp

(Free Report)

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.

Further Reading

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