Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Purchased by Cwm LLC

Cwm LLC lifted its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 143.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,513 shares of the bank’s stock after acquiring an additional 12,686 shares during the quarter. Cwm LLC’s holdings in Brookline Bancorp were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BRKL. Vanguard Group Inc. lifted its stake in shares of Brookline Bancorp by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,091,274 shares of the bank’s stock valued at $110,096,000 after purchasing an additional 32,790 shares during the period. Hennessy Advisors Inc. increased its holdings in Brookline Bancorp by 14.5% in the 1st quarter. Hennessy Advisors Inc. now owns 315,000 shares of the bank’s stock worth $3,137,000 after acquiring an additional 40,000 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Brookline Bancorp by 12.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 50,002 shares of the bank’s stock worth $498,000 after acquiring an additional 5,598 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Brookline Bancorp by 58.7% during the first quarter. BNP Paribas Financial Markets now owns 61,475 shares of the bank’s stock worth $612,000 after buying an additional 22,749 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of Brookline Bancorp during the first quarter worth $899,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brookline Bancorp Trading Up 0.7 %

NASDAQ BRKL opened at $10.45 on Wednesday. The firm’s 50-day moving average is $10.04 and its two-hundred day moving average is $9.37. Brookline Bancorp, Inc. has a 12 month low of $7.93 and a 12 month high of $11.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $928.95 million, a P/E ratio of 11.24 and a beta of 0.78.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $161.75 million for the quarter, compared to analysts’ expectations of $89.40 million. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 0.77 earnings per share for the current year.

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.