Brookline Bancorp (NASDAQ:BRKL) Earns Hold Rating from Analysts at StockNews.com

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

Several other equities research analysts have also recently weighed in on BRKL. Keefe, Bruyette & Woods cut Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target for the company. 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 for the company in a report on Friday, December 20th.

Brookline Bancorp Stock Performance

Brookline Bancorp stock traded down $0.02 during midday trading on Monday, hitting $11.12. The company's stock had a trading volume of 308,729 shares, compared to its average volume of 526,761. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. Brookline Bancorp has a 1-year low of $8.01 and a 1-year high of $13.15. The company has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.48. The company has a market cap of $990.85 million, a price-to-earnings ratio of 14.44 and a beta of 0.78.

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Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 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%. As a group, sell-side analysts predict that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Trading of Brookline Bancorp

Several hedge funds have recently bought and sold shares of BRKL. Commonwealth Equity Services LLC increased its holdings in Brookline Bancorp by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank's stock worth $674,000 after purchasing an additional 811 shares in the last quarter. LPL Financial LLC lifted its stake in Brookline Bancorp by 3.2% during the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank's stock valued at $508,000 after acquiring an additional 1,323 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after acquiring an additional 1,595 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Brookline Bancorp by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,139 shares of the bank's stock worth $592,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Brookline Bancorp by 6.7% in the fourth quarter. Mariner LLC now owns 34,954 shares of the bank's stock valued at $412,000 after purchasing an additional 2,194 shares during the last quarter. 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.