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

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

A number of other research firms have also commented on BRKL. Raymond James raised shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price objective on the stock in a research note on Friday, December 20th. Keefe, Bruyette & Woods cut shares of Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target on the stock. in a research report on Tuesday, December 24th.

Brookline Bancorp Trading Down 1.9 %

BRKL traded down $0.22 during midday trading on Friday, hitting $11.58. 291,968 shares of the company were exchanged, compared to its average volume of 532,172. The firm's 50 day moving average price is $11.97 and its 200-day moving average price is $11.36. Brookline Bancorp has a 1-year low of $8.01 and a 1-year high of $13.15. The firm has a market capitalization of $1.03 billion, a P/E ratio of 15.07 and a beta of 0.79. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

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Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. As a group, equities analysts forecast that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, February 14th. Brookline Bancorp's dividend payout ratio (DPR) is 70.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BRKL. Sterling Capital Management LLC increased its stake in Brookline Bancorp by 805.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after purchasing an additional 2,513 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of 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 period. Pinney & Scofield Inc. bought a new stake in Brookline Bancorp in the 4th quarter valued at about $35,000. FMR LLC raised its stake 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 position in Brookline Bancorp in 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.