Brookline Bancorp (NASDAQ:BRKL) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a report released on Thursday. The firm issued a hold rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Raymond James raised shares of 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 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 Trading Down 1.9 %

Shares of BRKL stock opened at $11.66 on Thursday. Brookline Bancorp has a 12 month low of $8.01 and a 12 month high of $13.15. The company has a market cap of $1.04 billion, a PE ratio of 15.14 and a beta of 0.79. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average is $11.99 and its two-hundred day moving average is $11.27.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results 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%. Equities analysts predict that Brookline Bancorp will post 1.35 EPS for the current year.

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 4.63%. Brookline Bancorp’s payout ratio is 70.13%.

Institutional Investors Weigh In On Brookline Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of Brookline Bancorp by 805.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,513 shares during the period. Versant Capital Management Inc increased its position in shares of Brookline Bancorp by 124.2% during the fourth 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 period. Pinney & Scofield Inc. bought a new stake in shares of Brookline Bancorp during the fourth quarter valued at approximately $35,000. FMR LLC increased its position in shares of Brookline Bancorp by 174.9% during the third 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 period. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Brookline Bancorp during the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds 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.