Semanteon Capital Management LP Makes New Investment in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Semanteon Capital Management LP purchased a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,246 shares of the bank’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Brookline Bancorp by 99.8% in the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock worth $2,149,000 after purchasing an additional 106,345 shares during the period. Jane Street Group LLC boosted its stake in Brookline Bancorp by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank’s stock worth $1,988,000 after purchasing an additional 21,394 shares during the period. Jennison Associates LLC boosted its stake in Brookline Bancorp by 7.7% in the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock worth $36,974,000 after purchasing an additional 224,888 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookline Bancorp by 384.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,333 shares of the bank’s stock worth $599,000 after purchasing an additional 47,094 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Brookline Bancorp by 109.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after purchasing an additional 338,050 shares during the period. 78.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James upgraded Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price for the company. in a research report on Tuesday, December 24th. Finally, StockNews.com assumed coverage on Brookline Bancorp in a research report on Sunday, March 16th. They set a “hold” rating for the company.

Brookline Bancorp Stock Performance

NASDAQ:BRKL opened at $10.86 on Friday. The stock’s fifty day moving average is $11.74 and its 200 day moving average is $11.45. Brookline Bancorp, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The firm has a market capitalization of $967.68 million, a PE ratio of 14.10 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 4.97%. Brookline Bancorp’s payout ratio is presently 70.13%.

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.