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

StockNews.com initiated coverage on shares of Brookline Bancorp (NASDAQ:BRKL - Get Free Report) in a report released on Sunday. The firm set a "hold" rating on the bank's stock.

Brookline Bancorp Stock Performance

Shares of NASDAQ:BRKL traded up $0.09 on Friday, hitting $11.04. 102,498 shares of the company were exchanged, compared to its average volume of 585,615. The company's 50 day moving average price is $10.48 and its two-hundred day moving average price is $11.50. Brookline Bancorp has a one year low of $8.01 and a one year 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. The firm has a market capitalization of $992.71 million, a price-to-earnings ratio of 14.31 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $91.38 million. Research analysts expect that Brookline Bancorp will post 1.35 earnings per share for the current year.

Institutional Trading of Brookline Bancorp

Large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Brookline Bancorp by 99.8% during the third quarter. Barclays PLC now owns 212,904 shares of the bank's stock valued at $2,149,000 after purchasing an additional 106,345 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Brookline Bancorp in the fourth quarter worth $710,000. Jennison Associates LLC raised its holdings in shares of Brookline Bancorp by 7.7% during the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank's stock worth $36,974,000 after acquiring an additional 224,888 shares during the period. American Century Companies Inc. raised its holdings in shares of Brookline Bancorp by 17.0% during the fourth quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank's stock worth $22,465,000 after acquiring an additional 276,025 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of Brookline Bancorp by 96.2% during the fourth quarter. Intech Investment Management LLC now owns 125,592 shares of the bank's stock worth $1,482,000 after acquiring an additional 61,591 shares during the period. 78.91% of the stock is owned by institutional investors.

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.