Boston Advisors continued to hold its stake in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,254 shares of the company’s stock at the end of the fourth quarter. Boston Advisors’ holdings in Brookline Bancorp were worth $1,141,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services raised its position in shares of Brookline Bancorp by 1,095.4% in the fourth quarter. Commonwealth Equity Services now owns 527,451 shares of the company’s stock worth $6,066,000 after buying an additional 483,328 shares in the last quarter. Acadian Asset Management raised its position in shares of Brookline Bancorp by 163.6% in the fourth quarter. Acadian Asset Management now owns 383,352 shares of the company’s stock worth $4,410,000 after buying an additional 237,904 shares in the last quarter. Quantitative Systematic Strategies acquired a new position in shares of Brookline Bancorp during the fourth quarter worth $282,000. Finally, Ipswich Investment Management Company raised its position in shares of Brookline Bancorp by 6.2% in the fourth quarter. Ipswich Investment Management Company now owns 119,300 shares of the company’s stock worth $1,372,000 after buying an additional 7,000 shares in the last quarter.

Brookline Bancorp, Inc. (NASDAQ:BRKL) opened at 10.68 on Thursday. The company has a market capitalization of $749.49 million and a price-to-earnings ratio of 15.99. The stock’s 50 day moving average price is $11.19 and its 200 day moving average price is $11.06. Brookline Bancorp, Inc. has a 12 month low of $9.33 and a 12 month high of $11.97.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, January 27th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. During the same period in the prior year, the business posted $0.15 earnings per share. Equities research analysts anticipate that Brookline Bancorp, Inc. will post $0.70 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.37%.

Separately, Compass Point upgraded Brookline Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $12.00 in a research note on Thursday, October 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $11.67.

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank, a Massachusetts-chartered savings bank; Bank Rhode Island (NASDAQ:BRKL), a Rhode Island-chartered financial institution, and First Ipswich Bank (First Ipswich), a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial, business and retail banking services to its corporate, municipal and individual customers through its banks and non-bank subsidiaries. The Company’s activities include acceptance of commercial, municipal and retail deposits, origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island, origination of commercial loans and leases to small- and mid-sized businesses, investment in debt and equity securities, and the offering of cash management and investment advisory services. The Company also provides specialty equipment financing.

12 Month Chart for NASDAQ:BRKL

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