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

StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL - Free Report) in a research note released on Sunday. The firm issued a hold rating on the bank's stock.

BRKL has been the subject of several other research reports. Keefe, Bruyette & Woods cut Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a report on Tuesday, December 24th. Raymond James raised 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 Trading Up 1.0 %

NASDAQ:BRKL traded up $0.11 during mid-day trading on Friday, hitting $11.06. The company had a trading volume of 201,801 shares, compared to its average volume of 521,457. The firm has a market cap of $985.06 million, a P/E ratio of 14.37 and a beta of 0.78. The business's fifty day moving average is $11.78 and its two-hundred day moving average is $11.45. 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 fifty-two week low of $8.01 and a fifty-two week high of $13.15.

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Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts expect that Brookline Bancorp will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.135 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 4.88%. Brookline Bancorp's dividend payout ratio is 70.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its holdings 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 buying an additional 2,513 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 buying an additional 1,595 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Brookline Bancorp during the fourth quarter worth $35,000. FMR LLC lifted its holdings in 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 buying an additional 3,279 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in Brookline Bancorp in the fourth quarter valued at approximately $72,000. 78.91% of the stock is owned by institutional investors.

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.