Brookline Bancorp, Inc. (NASDAQ:BRKL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts also recently issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $15.00 price objective on shares of Brookline Bancorp in a report on Friday, July 14th. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $17.00 to $16.50 in a report on Thursday, April 27th.

Shares of Brookline Bancorp (NASDAQ:BRKL) traded down 1.42% during mid-day trading on Friday, reaching $13.90. 362,296 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.06 billion, a PE ratio of 18.05 and a beta of 0.97. The company’s 50 day moving average is $14.60 and its 200 day moving average is $14.92. Brookline Bancorp has a 1-year low of $11.07 and a 1-year high of $17.45.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $60.10 million for the quarter, compared to the consensus estimate of $58.08 million. Brookline Bancorp had a net margin of 19.64% and a return on equity of 7.56%. The company’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Equities research analysts anticipate that Brookline Bancorp will post $0.79 EPS for the current fiscal year.

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In other news, General Counsel Michael W. Mccurdy sold 4,895 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $14.20, for a total value of $69,509.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.85% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Brookline Bancorp by 49,990.5% in the first quarter. BlackRock Inc. now owns 8,736,778 shares of the bank’s stock valued at $136,731,000 after buying an additional 8,719,336 shares in the last quarter. Norges Bank acquired a new position in Brookline Bancorp during the fourth quarter valued at $15,746,000. Jennison Associates LLC increased its position in Brookline Bancorp by 1,864.0% in the second quarter. Jennison Associates LLC now owns 902,960 shares of the bank’s stock valued at $13,183,000 after buying an additional 856,984 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Brookline Bancorp during the second quarter valued at $7,070,000. Finally, Vanguard Group Inc. increased its position in Brookline Bancorp by 5.7% in the second quarter. Vanguard Group Inc. now owns 6,931,162 shares of the bank’s stock valued at $101,195,000 after buying an additional 376,821 shares in the last quarter. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

About Brookline Bancorp

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

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