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

StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a research note published on Tuesday morning. The firm issued a hold rating on the bank’s stock.

Several other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a research note on Tuesday, December 24th. Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Friday, December 20th.

Brookline Bancorp Stock Performance

BRKL opened at $12.52 on Tuesday. The business has a 50 day moving average price of $12.09 and a two-hundred day moving average price of $11.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 16.26 and a beta of 0.79. Brookline Bancorp has a 1-year low of $8.01 and a 1-year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. Research analysts predict that Brookline Bancorp will post 1.09 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, February 14th. Brookline Bancorp’s payout ratio is 70.13%.

Institutional Investors Weigh In On Brookline Bancorp

A number of large investors have recently made changes to their positions in the company. Sei Investments Co. raised its stake in Brookline Bancorp by 7.1% during the 2nd quarter. Sei Investments Co. now owns 51,037 shares of the bank’s stock valued at $426,000 after purchasing an additional 3,397 shares during the period. Marshall Wace LLP purchased a new position in shares of Brookline Bancorp during the second quarter valued at $182,000. The Manufacturers Life Insurance Company raised its position in Brookline Bancorp by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 40,432 shares of the bank’s stock valued at $338,000 after buying an additional 2,002 shares during the period. SG Americas Securities LLC lifted its stake in Brookline Bancorp by 118.5% in the 3rd quarter. SG Americas Securities LLC now owns 26,779 shares of the bank’s stock worth $270,000 after acquiring an additional 14,521 shares in the last quarter. Finally, CWM LLC boosted its position in Brookline Bancorp by 143.7% during the 3rd quarter. CWM LLC now owns 21,513 shares of the bank’s stock worth $217,000 after acquiring an additional 12,686 shares during the period. 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.