Brookline Bancorp, Inc. (NASDAQ:BRKL) was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on BRKL. Piper Jaffray Companies reiterated a “hold” rating and issued a $15.00 target price on shares of Brookline Bancorp in a report on Friday, July 14th. BidaskClub cut Brookline Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Brookline Bancorp currently has an average rating of “Hold” and a consensus target price of $15.83.

Brookline Bancorp (BRKL) traded down 0.94% during trading on Thursday, reaching $15.85. The company’s stock had a trading volume of 874,144 shares. The company has a market capitalization of $1.21 billion, a P/E ratio of 20.58 and a beta of 0.99. The firm’s 50-day moving average price is $15.02 and its 200 day moving average price is $14.62. Brookline Bancorp has a 12-month low of $12.35 and a 12-month high of $17.45.

Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Brookline Bancorp had a return on equity of 7.56% and a net margin of 19.64%. The business had revenue of $62.82 million during the quarter, compared to analysts’ expectations of $60.37 million. During the same period in the prior year, the business earned $0.19 EPS. On average, analysts predict that Brookline Bancorp will post $0.79 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of BRKL. Karp Capital Management Corp purchased a new stake in shares of Brookline Bancorp during the 1st quarter worth $335,000. Parametric Portfolio Associates LLC lifted its stake in shares of Brookline Bancorp by 3.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 228,111 shares of the bank’s stock worth $3,570,000 after purchasing an additional 7,375 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Brookline Bancorp by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 16,499 shares of the bank’s stock worth $258,000 after purchasing an additional 1,086 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Brookline Bancorp by 169.3% during the 1st quarter. Stifel Financial Corp now owns 33,883 shares of the bank’s stock worth $531,000 after purchasing an additional 21,303 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Brookline Bancorp during the 1st quarter worth $161,000. Hedge funds and other institutional investors own 78.05% of the company’s stock.

Brookline Bancorp Company Profile

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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