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

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

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

Brookline Bancorp Stock Down 1.9 %

Shares of NASDAQ:BRKL traded down $0.23 during trading on Thursday, hitting $11.66. 366,230 shares of the company's stock traded hands, compared to its average volume of 474,419. The company has a 50-day moving average price of $11.99 and a 200-day moving average price of $11.26. Brookline Bancorp has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 15.14 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings results 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%. As a group, research analysts forecast that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookline Bancorp

A number of institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after purchasing an additional 2,513 shares during the period. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 1,595 shares during the period. Pinney & Scofield Inc. acquired a new position in Brookline Bancorp in the 4th quarter valued at about $35,000. FMR LLC raised its holdings in Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank's stock valued at $52,000 after acquiring an additional 3,279 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Brookline Bancorp during the fourth quarter worth approximately $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.