Brookline Bancorp (NASDAQ:BRKL) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

Other equities research analysts also recently issued reports about the stock. Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Friday, December 20th. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective for the company. in a research note on Tuesday, December 24th.

Brookline Bancorp Stock Performance

Shares of NASDAQ:BRKL opened at $10.93 on Friday. The firm has a market cap of $973.92 million, a PE ratio of 14.19 and a beta of 0.78. The firm’s 50 day simple moving average is $11.81 and its 200-day simple moving average is $11.44. Brookline Bancorp has a one year low of $8.01 and a one year high of $13.15. 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 released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) 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%. As a group, equities analysts predict that Brookline Bancorp will post 1.35 EPS for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 4.94%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 70.13%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC raised its holdings in shares of 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 last quarter. Versant Capital Management Inc increased its holdings in Brookline Bancorp by 124.2% in the fourth 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 in the last quarter. Pinney & Scofield Inc. purchased a new position in Brookline Bancorp in the fourth quarter valued at $35,000. FMR LLC increased its holdings in Brookline Bancorp by 174.9% in the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after buying an additional 3,279 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Brookline Bancorp in the fourth quarter valued at $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.