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

Stock analysts at StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

BRKL has been the topic of a number of other reports. Raymond James raised 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 note on Friday, December 20th. 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 note on Tuesday, December 24th.

Brookline Bancorp Stock Up 2.0 %

Brookline Bancorp stock opened at $10.93 on Friday. The stock has a market capitalization of $973.92 million, a PE ratio of 14.19 and a beta of 0.78. Brookline Bancorp has a 12 month low of $8.01 and a 12 month high of $13.15. The business has a 50 day simple moving average of $11.81 and a 200-day simple moving average of $11.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data 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 net margin of 10.51% and a return on equity of 5.94%. On average, analysts anticipate that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookline Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in 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 buying an additional 2,513 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $34,000 after purchasing an additional 1,595 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Brookline Bancorp in the 4th quarter valued at $35,000. FMR LLC lifted its stake in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,279 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Brookline Bancorp in the 4th quarter valued at $72,000. Institutional investors and hedge funds 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.