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

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

Other analysts also recently issued reports about the company. Raymond James upgraded Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report 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 target price on the stock. in a research note on Tuesday, December 24th.

Brookline Bancorp Stock Performance

NASDAQ BRKL opened at $11.12 on Monday. The stock has a market capitalization of $990.85 million, a PE ratio of 14.44 and a beta of 0.78. Brookline Bancorp has a 1-year low of $8.01 and a 1-year high of $13.15. The business has a 50 day simple moving average of $11.73 and a two-hundred day simple moving average of $11.48. 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 issued its quarterly earnings data on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, research analysts predict that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookline Bancorp

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Brookline Bancorp by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank’s stock worth $112,937,000 after purchasing an additional 45,448 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Brookline Bancorp by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank’s stock worth $62,013,000 after purchasing an additional 100,610 shares during the last quarter. State Street Corp increased its stake in Brookline Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 4,129,487 shares of the bank’s stock worth $41,667,000 after buying an additional 21,345 shares during the period. Jennison Associates LLC lifted its holdings in Brookline Bancorp by 7.7% during the 4th quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock valued at $36,974,000 after buying an additional 224,888 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Brookline Bancorp by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank’s stock valued at $21,084,000 after buying an additional 26,714 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

About Brookline Bancorp

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.