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

Stock analysts at StockNews.com assumed coverage on shares of Brookline Bancorp (NASDAQ:BRKLGet Free Report) in a report released on Friday. The firm set a “hold” rating on the bank’s stock.

Several other research analysts have also weighed in on BRKL. Keefe, Bruyette & Woods lowered 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. Raymond James upgraded 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.

Check Out Our Latest Analysis on BRKL

Brookline Bancorp Stock Down 1.7 %

Brookline Bancorp stock opened at $11.60 on Friday. The company has a 50 day moving average of $12.14 and a 200-day moving average of $10.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. Brookline Bancorp has a twelve month low of $8.01 and a twelve month high of $13.15. The stock has a market capitalization of $1.03 billion, a PE ratio of 13.98 and a beta of 0.78.

Brookline Bancorp (NASDAQ:BRKLGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The business had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same period last year, the company earned $0.26 earnings per share. On average, equities research analysts anticipate that Brookline Bancorp will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Brookline Bancorp by 99.8% in the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock valued at $2,149,000 after buying an additional 106,345 shares during the period. American Century Companies Inc. lifted its position in shares of Brookline Bancorp by 21.1% during the 2nd quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock worth $11,951,000 after buying an additional 249,113 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Brookline Bancorp by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank’s stock worth $1,988,000 after buying an additional 21,394 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Brookline Bancorp by 384.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,333 shares of the bank’s stock valued at $599,000 after acquiring an additional 47,094 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Brookline Bancorp during the third quarter valued at approximately $432,000. 78.91% of the stock is owned by institutional investors.

About Brookline Bancorp

(Get Free Report)

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.

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