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

StockNews.com began coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a report published on Sunday. The brokerage issued a hold rating on the bank’s stock.

BRKL has been the topic of a number of other reports. Keefe, Bruyette & Woods downgraded shares of 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. Raymond James raised 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 report on Friday, December 20th.

Brookline Bancorp Trading Up 0.7 %

NASDAQ:BRKL opened at $12.00 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 14.46 and a beta of 0.79. Brookline Bancorp has a fifty-two week low of $8.01 and a fifty-two week 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’s 50-day moving average is $12.18 and its two-hundred day moving average is $10.85.

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

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Friday, November 15th. Brookline Bancorp’s payout ratio is presently 65.06%.

Institutional Investors Weigh In On Brookline Bancorp

Large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of Brookline Bancorp by 21.1% in the second 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 during the last quarter. Renaissance Technologies LLC lifted its holdings in Brookline Bancorp by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,267,888 shares of the bank’s stock worth $10,587,000 after purchasing an additional 59,317 shares during the last quarter. XTX Topco Ltd acquired a new stake in Brookline Bancorp in the 2nd quarter worth approximately $115,000. Intech Investment Management LLC bought a new stake in Brookline Bancorp during the second quarter worth approximately $341,000. Finally, Sei Investments Co. grew its holdings in Brookline Bancorp by 7.1% during the second quarter. Sei Investments Co. now owns 51,037 shares of the bank’s stock valued at $426,000 after purchasing an additional 3,397 shares during the last quarter. 78.91% of the stock is currently 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.