Brookline Bancorp (NASDAQ:BRKL) Now Covered by Analysts at StockNews.com

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

BRKL has been the subject of a number of other reports. Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target for the company. in a research report on Tuesday, December 24th. Raymond James upgraded Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Friday, December 20th.

Brookline Bancorp Stock Down 2.5 %

Shares of NASDAQ:BRKL opened at $10.75 on Friday. The company has a fifty day moving average of $11.88 and a 200-day moving average of $11.42. The company has a market capitalization of $957.88 million, a PE ratio of 13.96 and a beta of 0.78. Brookline Bancorp has a 52-week low of $8.01 and a 52-week high of $13.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, equities analysts predict that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a dividend yield of 5.02%. Brookline Bancorp’s dividend payout ratio (DPR) is 70.13%.

Institutional Investors Weigh In On Brookline Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in Brookline Bancorp by 805.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock valued at $33,000 after buying an additional 2,513 shares in the last quarter. Versant Capital Management Inc grew its stake in Brookline Bancorp by 124.2% in the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after acquiring an additional 1,595 shares in the last quarter. Pinney & Scofield Inc. bought a new position in Brookline Bancorp in the fourth quarter worth approximately $35,000. FMR LLC raised its holdings in shares of Brookline Bancorp by 174.9% in the 3rd quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after purchasing an additional 3,279 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Brookline Bancorp during the 4th quarter worth $72,000. 78.91% of the stock is owned by institutional investors.

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.