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

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

Other equities research analysts have also recently issued reports about the company. Raymond James raised Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods lowered 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 report on Tuesday, December 24th.

Brookline Bancorp Stock Performance

NASDAQ:BRKL opened at $12.05 on Monday. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.52 and a beta of 0.79. Brookline Bancorp has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $12.11 and its 200 day simple moving average is $11.02.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%. On average, sell-side analysts anticipate that Brookline Bancorp will post 0.82 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC increased its holdings in 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. Jane Street Group LLC boosted its position in shares of Brookline Bancorp by 12.2% during the 3rd quarter. Jane Street Group LLC now owns 196,979 shares of the bank’s stock valued at $1,988,000 after acquiring an additional 21,394 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Brookline Bancorp by 384.8% during the 3rd 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. Centiva Capital LP bought a new stake in Brookline Bancorp in the third quarter valued at about $432,000. Finally, JPMorgan Chase & Co. raised its position in Brookline Bancorp by 109.4% in the third quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after purchasing an additional 338,050 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

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.