Brookline Bancorp, Inc. (NASDAQ:BRKL) Short Interest Update

Brookline Bancorp, Inc. (NASDAQ:BRKL) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,250,000 shares, a growth of 17.9% from the September 30th total of 1,060,000 shares. Based on an average trading volume of 564,500 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on Brookline Bancorp from $10.50 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th.

Brookline Bancorp Stock Up 1.4 %

Brookline Bancorp stock traded up $0.16 during mid-day trading on Wednesday, reaching $11.45. 164,833 shares of the company were exchanged, compared to its average volume of 500,413. Brookline Bancorp has a 12-month low of $8.01 and a 12-month high of $11.63. The business has a fifty day moving average of $10.17 and a 200 day moving average of $9.44. The firm has a market cap of $1.02 billion, a P/E ratio of 12.14 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.11 and a current ratio of 1.11.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts anticipate that Brookline Bancorp will post 0.77 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.72%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 58.06%.

Institutional Investors Weigh In On Brookline Bancorp

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

About Brookline Bancorp

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.