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

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

A number of other equities research analysts have also weighed in on the stock. Raymond James raised shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price 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 objective for the company. in a research report on Tuesday, December 24th.

Brookline Bancorp Stock Performance

NASDAQ BRKL opened at $11.60 on Friday. Brookline Bancorp has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.03 billion, a PE ratio of 13.98 and a beta of 0.78. The company’s 50 day simple moving average is $12.14 and its two-hundred day simple moving average is $10.56.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $165.91 million for the quarter, compared to analyst estimates of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same period in the prior year, the company earned $0.26 EPS. Analysts predict that Brookline Bancorp will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookline Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in 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 acquiring an additional 3,279 shares in the last quarter. Creative Planning acquired a new stake in Brookline Bancorp during the 3rd quarter worth about $103,000. Townsquare Capital LLC purchased a new stake in Brookline Bancorp in the third quarter valued at approximately $111,000. XTX Topco Ltd purchased a new position in shares of Brookline Bancorp during the second quarter worth $115,000. Finally, Point72 DIFC Ltd purchased a new stake in Brookline Bancorp during the second quarter worth $116,000. 78.91% of the stock is owned by institutional investors.

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.