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

StockNews.com assumed coverage on shares of Brookline Bancorp (NASDAQ:BRKLGet Free Report) in a report issued on Friday. The firm set a “hold” rating on the bank’s stock.

Brookline Bancorp Stock Performance

Shares of Brookline Bancorp stock opened at $10.44 on Friday. Brookline Bancorp has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a market capitalization of $939.18 million, a PE ratio of 13.56 and a beta of 0.71. The stock’s fifty day moving average is $10.75 and its two-hundred day moving average is $11.48. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

Brookline Bancorp (NASDAQ:BRKLGet Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The company had revenue of $91.49 million during the quarter, compared to analysts’ expectations of $91.38 million. As a group, analysts expect that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRKL. Barclays PLC grew its position in shares of Brookline Bancorp by 99.8% during the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock worth $2,149,000 after buying an additional 106,345 shares in the last quarter. Geode Capital Management LLC lifted its stake in Brookline Bancorp by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,089,187 shares of the bank’s stock worth $21,084,000 after acquiring an additional 26,714 shares during the period. JPMorgan Chase & Co. grew its holdings in Brookline Bancorp by 109.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 647,100 shares of the bank’s stock worth $6,529,000 after acquiring an additional 338,050 shares in the last quarter. Versant Capital Management Inc increased its position in Brookline Bancorp by 124.2% during the 4th 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. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Brookline Bancorp by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 878,717 shares of the bank’s stock valued at $10,369,000 after purchasing an additional 236,066 shares in the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

About Brookline Bancorp

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Brookline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.