Brookline Bancorp, Inc. (NASDAQ:BRKL) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Get Free Report) have been given a consensus rating of "Buy" by the three analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.38.

Several equities research analysts have weighed in on the company. Piper Sandler reiterated an "overweight" rating and issued a $12.00 price objective on shares of Brookline Bancorp in a report on Wednesday, March 27th. TheStreet raised Brookline Bancorp from a "c+" rating to a "b-" rating in a research report on Tuesday, December 26th. Finally, StockNews.com raised Brookline Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, January 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in Brookline Bancorp by 2,268.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,297 shares of the bank's stock valued at $25,000 after buying an additional 2,200 shares in the last quarter. GAMMA Investing LLC bought a new position in Brookline Bancorp during the 4th quarter valued at approximately $34,000. Advisor Partners II LLC bought a new position in Brookline Bancorp during the 3rd quarter valued at approximately $104,000. Fox Run Management L.L.C. bought a new position in Brookline Bancorp during the 3rd quarter valued at approximately $106,000. Finally, Ieq Capital LLC bought a new position in Brookline Bancorp during the 3rd quarter valued at approximately $110,000. Institutional investors own 78.91% of the company's stock.

Brookline Bancorp Trading Down 0.2 %

NASDAQ BRKL traded down $0.02 on Wednesday, hitting $9.54. The company's stock had a trading volume of 288,267 shares, compared to its average volume of 441,607. Brookline Bancorp has a 52-week low of $7.00 and a 52-week high of $11.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The company's 50-day simple moving average is $9.58 and its 200 day simple moving average is $9.79. The firm has a market cap of $855.26 million, a P/E ratio of 11.09 and a beta of 0.75.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. Brookline Bancorp had a return on equity of 7.87% and a net margin of 12.31%. The business had revenue of $160.35 million during the quarter, compared to analysts' expectations of $89.38 million. During the same quarter last year, the business posted $0.39 EPS. Research analysts predict that Brookline Bancorp will post 0.97 EPS for the current fiscal year.

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.