Measured Wealth Private Client Group LLC Makes New $167,000 Investment in Brookline Bancorp, Inc. (NASDAQ:BRKL)

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Measured Wealth Private Client Group LLC acquired a new position in Brookline Bancorp, Inc. (NASDAQ:BRKL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,367 shares of the bank’s stock, valued at approximately $167,000.

Several other large investors have also modified their holdings of the business. Arizona State Retirement System lifted its holdings in shares of Brookline Bancorp by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 123,746 shares of the bank’s stock worth $1,903,000 after acquiring an additional 695 shares during the last quarter. CWM Advisors LLC lifted its holdings in shares of Brookline Bancorp by 8.3% in the 2nd quarter. CWM Advisors LLC now owns 11,830 shares of the bank’s stock worth $182,000 after acquiring an additional 910 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Brookline Bancorp by 20.0% in the 2nd quarter. US Bancorp DE now owns 6,810 shares of the bank’s stock worth $104,000 after acquiring an additional 1,136 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Brookline Bancorp by 1.2% in the 2nd quarter. Swiss National Bank now owns 148,400 shares of the bank’s stock worth $2,282,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Brookline Bancorp by 6.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 31,470 shares of the bank’s stock worth $484,000 after acquiring an additional 1,960 shares during the last quarter. 78.88% of the stock is owned by institutional investors and hedge funds.

In related news, insider James J. Mccarthy sold 20,155 shares of Brookline Bancorp stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $14.73, for a total transaction of $296,883.15. Following the completion of the sale, the insider now owns 14,396 shares in the company, valued at approximately $212,053.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Hackett sold 2,000 shares of Brookline Bancorp stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $14.92, for a total transaction of $29,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,859 shares of company stock valued at $392,720 in the last quarter. 2.54% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $16.00 target price on shares of Brookline Bancorp and gave the stock a “hold” rating in a report on Friday, July 26th. BidaskClub upgraded shares of Brookline Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, September 14th. Finally, Zacks Investment Research lowered shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.75.

Shares of BRKL opened at $14.62 on Friday. Brookline Bancorp, Inc. has a 1-year low of $12.84 and a 1-year high of $16.41. The company has a 50-day moving average of $14.41 and a 200 day moving average of $14.69. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.14 and a quick ratio of 1.14.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Brookline Bancorp had a net margin of 23.77% and a return on equity of 9.60%. The company had revenue of $70.61 million for the quarter, compared to the consensus estimate of $71.30 million. During the same quarter in the previous year, the business earned $0.26 EPS.

Brookline Bancorp Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits.

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Institutional Ownership by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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