Brookline Bancorp, Inc. (NASDAQ: BRKL) Sees significant drop in short-term interest rates


Brookline Bancorp, Inc. (NASDAQ: BRKLGet a Score) was the target of a significant reduction in short-term interest rates in March. At March 31, there was short-term interest of a total of 1,350,000 shares, a decrease of 22.9% from the total of 1,750,000 shares on March 15. About 1.8% of the company’s shares are open sales. Based on an average daily volume of 384,500 shares, the ratio of days to cover is currently 3.5 days.

His shares BRKL opened at $ 14.77 on Monday. The stock has a market capitalization of $ 1.15 billion, a P / E index of 9.98 and a beta of 0.66. Brookline Bancorp has a 52-week low of $ 13.23 and a 52-week high of $ 17.74. The company has a 50-day moving average of $ 16.37. The company has a fast index of 1.02, a current transactions index of 1.02 and a debt-to-equity ratio of 0.36.

Brookline Bancorp (NASDAQ: BRKLGet a Score) published its last quarterly earnings data on Wednesday, January 26th. The bank reported $ 0.37 EPS for the quarter, beating analysts’ consensus estimates by $ 0.34 to $ 0.03. Brookline Bancorp had a net margin of 34.10% and a return on equity of 11.87%. The company had revenue of $ 82.16 million for the quarter, compared to analysts’ expectations for $ 76.06 million. In the same quarter last year, the company earned $ 0.34 EPS. Stock analysts expect Brookline Bancorp to release EPS 1.32 for the current financial year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 25th. A record dividend of $ 0.125 was issued to record shareholders on Friday, February 11th. The dividend cut-off date for this dividend was Thursday, February 10th. This represents a dividend of $ 0.50 on an annual basis and a yield of 3.39%. Brookline Bancorp’s payment ratio is 33.78%.

In other news from Brookline Bancorp, Director David C. Chapin sold 10,000 shares of the stock in trading on Wednesday, February 2nd. The shares were sold at an average price of $ 16.94, for a total transaction of $ 169,400.00. The transaction was disclosed in a document submitted to the Hellenic Capital Market Commission, which is accessible through this hyperlink. Confidentialities hold 2.80% of the company.

Several institutional investors have recently modified their holdings in the business. JPMorgan Chase & Co. increased its stake in Brookline Bancorp shares by 693.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,152,823 shares of the bank worth $ 67,234,000 after acquiring an additional 3,629,143 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Brookline Bancorp by 0.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,042,312 shares of the $ 65,445,000 bank, having bought an additional 20,062 shares during the period. Goldman Sachs Group Inc. strengthened its position in Brookline Bancorp by 4.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,727,380 shares of the bank worth $ 44,156,000 after buying an additional 109,124 shares in the last quarter. FJ Capital Management LLC increased its holdings in Brookline Bancorp by 45.2% in the third quarter. FJ Capital Management LLC now owns 2,330,000 shares of the $ 35,561,000 bank after purchasing an additional 725,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in Brookline Bancorp by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,332,700 shares of the $ 20,337,000 bank after buying an additional 4,535 shares in the last quarter. Institutional investors and hedge funds hold 80.60% of the company’s share.

Several research companies have weighed BRKL. StockNews.com began coverage for Brookline Bancorp shares in a research report on Thursday, March 31st. They put a “hold” rating on the stock. Zacks Investment Research downgraded Brookline Bancorp rating from “buy” to “hold” at a report on Wednesday 30 March.

Brookline Bancorp Company Profile (Get a Score)

Brookline Bancorp, Inc. operates as a portfolio bank for Brookline Bank providing commercial, corporate, and retail banking services to corporate, municipal, and private clients in the United States. Its deposit products include demand check, NOW, money market and savings accounts. The company’s loan portfolio mainly includes the first mortgages secured by commercial real estate, real estate for many families and homes. loans to business entities that include commercial credit lines; loans to joint stock companies; loans and leases used to finance equipment for small businesses; financing of construction and development projects; housing and other consumer loans.

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