Dividend Watching: Nov 18, 2016 is the day that Brookline Bancorp, Inc. (NASDAQ:BRKL) shareholders will see dividends of $0.09?

Dividend Watching: Nov 18, 2016 is the day that Brookline Bancorp, Inc. (NASDAQ:BRKL) shareholders will see dividends of $0.09?

Brookline Bancorp, Inc. (NASDAQ:BRKL) is expected to pay $0.09 on Nov 18, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Brookline Bancorp, Inc.’s current price of $12.80, the dividend is 0.70%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 20, 2016. The stock closed at $12.8 during the last session. It is down 15.42% since March 30, 2016 and is uptrending. It has outperformed by 12.41% the S&P500.

Brookline Bancorp, Inc. operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. The company has a market cap of $902.61 million. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. It has a 17.19 P/E ratio.

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.64, from 1.53 in 2016Q1. The ratio dropped, as 14 funds sold all Brookline Bancorp, Inc. shares owned while 51 reduced positions. 10 funds bought stakes while 48 increased positions. They now own 49.47 million shares or 6.05% less from 52.65 million shares in 2016Q1.
Secor Advsr Limited Partnership, a New York-based fund reported 19,874 shares. Los Angeles Cap Equity holds 17,194 shares or 0% of its portfolio. Springbok Cap Management Ltd Liability Corporation has invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Contravisory Investment holds 0.05% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 14,617 shares. Morgan Stanley holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 1.07M shares. Moreover, Tiaa Cref Inv Mngmt Llc has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 367,289 shares. Adage Capital Prtnrs Group Ltd holds 75,000 shares or 0% of its portfolio. Lsv Asset Management accumulated 18,000 shares or 0% of the stock. Principal Fin Gp holds 514,630 shares or 0.01% of its portfolio. Blackrock Advisors Limited Com accumulated 0% or 34,529 shares. The New Jersey-based Prudential Fincl has invested 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Hennessy Advsrs Incorporated has invested 0.27% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Gemmer Asset Management Ltd Liability Company accumulated 0% or 20 shares. The New York-based Jennison Assoc Ltd Liability Corporation has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Pinnacle Assocs Limited reported 19,500 shares or 0% of all its holdings.

Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 2 insider sales for $243,560 net activity. 12,000 shares were sold by PECK CHARLES H, worth $135,000. McCurdy Michael W. also sold $108,560 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) shares. The insider Fitzgerald Margaret Boles bought $16,710.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Ratings Coverage

Out of 3 analysts covering Brookline Bancorp (NASDAQ:BRKL), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Brookline Bancorp has been the topic of 4 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Buy” rating given on Thursday, September 3 by Sandler O’Neill. The stock has “Hold” rating given by Sandler O’Neill on Tuesday, June 7. The company was initiated on Wednesday, September 16 by Piper Jaffray. The stock has “Buy” rating given by Compass Point on Thursday, October 22.

More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Brookline Bancorp, Boston Private Financial and Wells Fargo” on October 31, 2016, also Prnewswire.com with their article: “Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and …” published on September 28, 2016, Prnewswire.com published: “Brookline Bancorp, Inc. Names Darryl J. Fess President and CEO of Brookline Bank” on September 21, 2016. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Marketwatch.com and their article: “Brookline Bancorp Inc.” published on July 16, 2009 as well as Prnewswire.com‘s news article titled: “Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program” with publication date: February 04, 2016.

BRKL Company Profile

Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. (BSC). As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. 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 Firm also provides specialty equipment financing through its subsidiaries Eastern Funding LLC and Macrolease Corporation.

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