Brookline Bancorp (NASDAQ:BRKL) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a note issued to investors on Sunday. The firm set a “hold” rating on the bank’s stock.

A number of other brokerages have also recently commented on BRKL. 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 report on Friday, December 20th. Keefe, Bruyette & Woods cut Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price for the company. in a report on Tuesday, December 24th.

Brookline Bancorp Stock Performance

Shares of Brookline Bancorp stock opened at $10.93 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The firm has a market cap of $973.92 million, a PE ratio of 14.19 and a beta of 0.78. Brookline Bancorp has a 52 week low of $8.01 and a 52 week high of $13.15. The business’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $11.43.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Equities analysts forecast that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Brookline Bancorp

A number of hedge funds have recently bought and sold shares of BRKL. Sterling Capital Management LLC raised its position in Brookline Bancorp by 805.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,513 shares in the last quarter. Versant Capital Management Inc raised its position in Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,595 shares in the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of Brookline Bancorp during the 4th quarter worth about $35,000. FMR LLC raised its position in shares of Brookline Bancorp by 174.9% during the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after acquiring an additional 3,279 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Brookline Bancorp during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Company Profile

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.