Teacher Retirement System of Texas Purchases New Shares in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Teacher Retirement System of Texas acquired a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 206,333 shares of the bank’s stock, valued at approximately $2,435,000. Teacher Retirement System of Texas owned approximately 0.23% of Brookline Bancorp at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Brookline Bancorp by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank’s stock valued at $674,000 after purchasing an additional 811 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after buying an additional 1,595 shares in the last quarter. KBC Group NV increased its stake in shares of Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after buying an additional 2,421 shares during the last quarter. Captrust Financial Advisors raised its holdings in Brookline Bancorp by 4.4% in the third quarter. Captrust Financial Advisors now owns 64,734 shares of the bank’s stock valued at $653,000 after acquiring an additional 2,730 shares in the last quarter. Finally, FMR LLC boosted its stake in Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,279 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp Price Performance

Shares of NASDAQ:BRKL opened at $11.14 on Thursday. The company has a market cap of $992.63 million, a PE ratio of 14.47 and a beta of 0.78. 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 50-day simple moving average of $11.71 and a 200 day simple moving average of $11.48. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 29th. The bank reported $0.23 EPS 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 EPS for the current year.

Brookline Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp’s payout ratio is 70.13%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRKL. StockNews.com initiated coverage on shares of Brookline Bancorp in a research note on Monday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a research note on Tuesday, December 24th. Finally, 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.

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.