Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 384.8% in the third quarter, HoldingsChannel.com reports. The firm owned 59,333 shares of the bank’s stock after purchasing an additional 47,094 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Brookline Bancorp were worth $599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Brookline Bancorp by 0.5% during the first quarter. Vanguard Group Inc. now owns 10,145,485 shares of the bank’s stock valued at $101,049,000 after buying an additional 54,211 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Brookline Bancorp by 21.1% during the 2nd quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock valued at $11,951,000 after purchasing an additional 249,113 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Brookline Bancorp by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,267,888 shares of the bank’s stock valued at $10,587,000 after purchasing an additional 59,317 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Brookline Bancorp by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,181,769 shares of the bank’s stock worth $9,868,000 after purchasing an additional 56,291 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Brookline Bancorp by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock worth $6,484,000 after purchasing an additional 258,267 shares in the last quarter. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Price Performance

Shares of NASDAQ:BRKL opened at $12.74 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 15.35 and a beta of 0.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average of $11.08 and a 200-day moving average of $9.92. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. The business had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities analysts anticipate that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp’s payout ratio is presently 65.06%.

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.