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

Equities research analysts at StockNews.com started coverage on shares of Brookline Bancorp (NASDAQ:BRKL - Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a "hold" rating on the bank's stock.

Brookline Bancorp Stock Performance

Shares of NASDAQ BRKL opened at $11.04 on Monday. The company has a market capitalization of $983.72 million, a P/E ratio of 14.34 and a beta of 0.88. The business's 50-day moving average price is $10.49 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 current ratio of 1.12 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $91.38 million. Analysts anticipate that Brookline Bancorp will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookline Bancorp

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its position in shares of Brookline Bancorp by 157.0% in the first quarter. Citigroup Inc. now owns 1,968,304 shares of the bank's stock valued at $21,455,000 after purchasing an additional 1,202,542 shares during the last quarter. AQR Arbitrage LLC lifted its stake in Brookline Bancorp by 220.0% during the first quarter. AQR Arbitrage LLC now owns 1,287,231 shares of the bank's stock worth $14,031,000 after purchasing an additional 884,937 shares during the last quarter. Invesco Ltd. lifted its stake in Brookline Bancorp by 118.8% during the fourth quarter. Invesco Ltd. now owns 1,041,930 shares of the bank's stock worth $12,295,000 after purchasing an additional 565,719 shares during the last quarter. Pentwater Capital Management LP bought a new position in shares of Brookline Bancorp in the 4th quarter valued at $5,900,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Brookline Bancorp by 62.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank's stock valued at $12,414,000 after acquiring an additional 404,897 shares during the last quarter. 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.

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