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

StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a research report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target for the company. in a research note 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 objective for the company in a research report on Friday, December 20th.

Brookline Bancorp Stock Down 0.7 %

Shares of Brookline Bancorp stock opened at $12.12 on Thursday. The company’s 50 day moving average price is $12.02 and its 200-day moving average price is $11.24. Brookline Bancorp has a 52-week low of $8.01 and a 52-week high of $13.15. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.74 and a beta of 0.79. 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 (NASDAQ:BRKL) last announced its quarterly earnings results 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%. Equities research analysts forecast that Brookline Bancorp will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Brookline Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in shares of Brookline Bancorp by 805.4% in the 4th 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 last quarter. Versant Capital Management Inc raised its position 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 worth $34,000 after purchasing an additional 1,595 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in shares of Brookline Bancorp in the 4th quarter worth about $35,000. FMR LLC raised its position in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock worth $52,000 after purchasing an additional 3,279 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Brookline Bancorp in the 4th quarter worth about $72,000. Hedge funds and other 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.