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

Research analysts at StockNews.com began coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a report released on Saturday. The firm set a “hold” rating on the bank’s stock.

Brookline Bancorp Stock Up 2.5 %

Shares of BRKL opened at $10.74 on Friday. Brookline Bancorp has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The company’s fifty day moving average is $10.58 and its two-hundred day moving average is $11.50. The firm has a market cap of $966.17 million, a PE ratio of 13.95 and a beta of 0.71. 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:BRKL) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $91.49 million for the quarter, compared to analysts’ expectations of $91.38 million. Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. Analysts forecast that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Brookline Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kintayl Capital LP acquired a new stake in shares of Brookline Bancorp in the 1st quarter worth about $2,643,000. CWM LLC raised its holdings in shares of Brookline Bancorp by 39.2% during the first quarter. CWM LLC now owns 34,527 shares of the bank’s stock valued at $376,000 after buying an additional 9,715 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Brookline Bancorp by 526.3% during the first quarter. Cerity Partners LLC now owns 101,306 shares of the bank’s stock worth $1,104,000 after buying an additional 85,130 shares during the period. Principal Financial Group Inc. grew its holdings in Brookline Bancorp by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 443,698 shares of the bank’s stock worth $4,836,000 after buying an additional 11,629 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its position in Brookline Bancorp by 5.9% in the 1st quarter. WASHINGTON TRUST Co now owns 33,396 shares of the bank’s stock valued at $364,000 after acquiring an additional 1,857 shares during the period. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Company Profile

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.