Thrivent Financial for Lutherans Has $3.25 Million Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Thrivent Financial for Lutherans reduced its holdings in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,965 shares of the bank’s stock after selling 18,303 shares during the quarter. Thrivent Financial for Lutherans owned 0.36% of Brookline Bancorp worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in Brookline Bancorp by 26.2% during the first quarter. Sei Investments Co. now owns 47,640 shares of the bank’s stock worth $474,000 after buying an additional 9,878 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Brookline Bancorp by 7.4% in the first quarter. ProShare Advisors LLC now owns 17,640 shares of the bank’s stock valued at $176,000 after purchasing an additional 1,223 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Brookline Bancorp by 126.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 56,337 shares of the bank’s stock valued at $592,000 after purchasing an additional 31,410 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Brookline Bancorp by 0.5% during the first quarter. Vanguard Group Inc. now owns 10,145,485 shares of the bank’s stock worth $101,049,000 after purchasing an additional 54,211 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Brookline Bancorp in the 1st quarter worth about $47,000. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Price Performance

Brookline Bancorp stock opened at $12.73 on Tuesday. Brookline Bancorp, Inc. has a 52 week low of $8.01 and a 52 week high of $13.15. The company’s 50 day moving average price is $10.98 and its two-hundred day moving average price is $9.87. The stock has a market cap of $1.13 billion, a P/E ratio of 15.34 and a beta of 0.76. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The company had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same period last year, the business posted $0.26 earnings per share. On average, equities analysts predict that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.24%. Brookline Bancorp’s payout ratio is currently 65.06%.

Brookline Bancorp Company Profile

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.