Brookline Bancorp (NASDAQ:BRKL) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Sandler O’Neill raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.83.

Brookline Bancorp (NASDAQ BRKL) traded down $0.15 during trading on Thursday, hitting $15.55. 150,606 shares of the company’s stock were exchanged, compared to its average volume of 288,015. Brookline Bancorp has a 12-month low of $13.60 and a 12-month high of $17.45. The company has a market capitalization of $1,190.00, a price-to-earnings ratio of 20.13 and a beta of 0.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.16 and a quick ratio of 1.16.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. The firm had revenue of $62.82 million for the quarter, compared to analyst estimates of $60.37 million. During the same period last year, the firm earned $0.19 earnings per share. sell-side analysts forecast that Brookline Bancorp will post 0.8 earnings per share for the current fiscal year.

In other news, CEO Paul A. Perrault sold 103,255 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $14.69, for a total value of $1,516,815.95. Following the completion of the sale, the chief executive officer now owns 421,122 shares in the company, valued at $6,186,282.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David C. Chapin sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $14.70, for a total transaction of $73,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,255 shares of company stock valued at $2,138,396. 2.85% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its holdings in Brookline Bancorp by 33.7% during the second quarter. Aperio Group LLC now owns 28,585 shares of the bank’s stock worth $417,000 after buying an additional 7,198 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Brookline Bancorp during the second quarter worth about $7,070,000. BlackRock Inc. increased its holdings in Brookline Bancorp by 6.5% during the second quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock worth $135,794,000 after buying an additional 564,134 shares during the last quarter. Stifel Financial Corp increased its holdings in Brookline Bancorp by 34.5% during the second quarter. Stifel Financial Corp now owns 45,583 shares of the bank’s stock worth $666,000 after buying an additional 11,700 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in Brookline Bancorp during the second quarter worth about $312,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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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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