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

Stock analysts at StockNews.com initiated coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

A number of other research analysts have also weighed in 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 target on the stock in a research report on Friday, December 20th. Keefe, Bruyette & Woods lowered 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 Stock Up 1.6 %

Brookline Bancorp stock opened at $12.57 on Wednesday. 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 $1.12 billion, a price-to-earnings ratio of 16.32 and a beta of 0.79. The firm’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $11.16. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, equities research analysts predict that Brookline Bancorp will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Brookline Bancorp

Several hedge funds have recently added to or reduced their stakes in BRKL. Versant Capital Management Inc increased its stake in shares of Brookline Bancorp by 124.2% in the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after purchasing an additional 1,595 shares in the last quarter. FMR LLC increased its stake in shares of Brookline Bancorp by 174.9% in the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after purchasing an additional 3,279 shares in the last quarter. KBC Group NV increased its stake in shares of Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock worth $76,000 after purchasing an additional 2,421 shares in the last quarter. Creative Planning purchased a new position in shares of Brookline Bancorp in the third quarter worth about $103,000. Finally, Townsquare Capital LLC purchased a new position in shares of Brookline Bancorp in the third quarter worth about $111,000. Institutional investors own 78.91% of the company’s stock.

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.