StockNews.com Begins Coverage on Brookline Bancorp (NASDAQ:BRKL)

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

Brookline Bancorp Trading Up 1.3 %

Shares of NASDAQ BRKL traded up $0.13 during midday trading on Friday, reaching $10.39. The company had a trading volume of 404,840 shares, compared to its average volume of 582,816. The stock has a market cap of $934.68 million, a PE ratio of 13.49 and a beta of 0.71. Brookline Bancorp has a one year low of $8.01 and a one year high of $13.15. The firm's fifty day moving average price is $10.71 and its 200-day moving average price is $11.51. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. The company had revenue of $91.49 million during the quarter, compared to the consensus estimate of $91.38 million. On average, equities research analysts anticipate that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRKL. Barclays PLC grew its position in shares of Brookline Bancorp by 99.8% in the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank's stock worth $2,149,000 after buying an additional 106,345 shares during the last quarter. Franklin Resources Inc. bought a new stake in Brookline Bancorp in the fourth quarter valued at $710,000. Jennison Associates LLC increased its position in Brookline Bancorp by 7.7% during the 4th 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 period. American Century Companies Inc. raised its holdings in Brookline Bancorp by 17.0% in the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock worth $22,465,000 after purchasing an additional 276,025 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Brookline Bancorp by 96.2% in the 4th quarter. Intech Investment Management LLC now owns 125,592 shares of the bank's stock worth $1,482,000 after purchasing an additional 61,591 shares during the period. Institutional investors 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.