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

Analysts at StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the bank's stock.

A number of other equities research analysts have also issued reports 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 research note on Friday, December 20th. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target on the stock. in a report on Tuesday, December 24th.

Brookline Bancorp Trading Up 0.6 %

Shares of Brookline Bancorp stock traded up $0.07 during trading hours on Monday, hitting $11.26. The company's stock had a trading volume of 174,276 shares, compared to its average volume of 526,548. The firm has a fifty day moving average of $11.74 and a 200-day moving average of $11.47. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. Brookline Bancorp has a twelve month low of $8.01 and a twelve month high of $13.15. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 14.60 and a beta of 0.78.

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Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) 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 forecast that Brookline Bancorp will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Brookline Bancorp

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Brookline Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank's stock valued at $112,937,000 after purchasing an additional 45,448 shares during the period. Dimensional Fund Advisors LP boosted its stake in Brookline Bancorp by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank's stock valued at $62,013,000 after acquiring an additional 100,610 shares during the last quarter. State Street Corp raised its position in shares of Brookline Bancorp by 0.5% during the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank's stock valued at $41,667,000 after acquiring an additional 21,345 shares during the last quarter. Jennison Associates LLC increased its holdings in Brookline Bancorp by 7.7% in the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock valued at $36,974,000 after purchasing an additional 224,888 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Brookline Bancorp by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank's stock worth $21,084,000 after buying an additional 26,714 shares during the period. Institutional investors own 78.91% of the company's stock.

About Brookline Bancorp

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.