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

Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the four analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.08.

BRKL has been the subject of several research reports. StockNews.com upgraded Brookline Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, January 25th. Piper Sandler reissued an "overweight" rating and issued a $12.00 target price on shares of Brookline Bancorp in a research report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Brookline Bancorp from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Friday, April 26th.

Brookline Bancorp Stock Up 0.4 %

BRKL stock traded up $0.04 during midday trading on Friday, reaching $9.10. The company had a trading volume of 265,104 shares, compared to its average volume of 443,698. The company has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.80. The company has a market capitalization of $808.94 million, a P/E ratio of 9.78 and a beta of 0.79. Brookline Bancorp has a 1 year low of $7.93 and a 1 year high of $11.52. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.14.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $87.87 million for the quarter, compared to analysts' expectations of $91.77 million. Brookline Bancorp had a return on equity of 7.09% and a net margin of 13.13%. On average, equities research analysts expect that Brookline Bancorp will post 0.81 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Thursday, May 9th. Brookline Bancorp's dividend payout ratio is 58.06%.

Institutional Trading of Brookline Bancorp

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Brookline Bancorp by 2,268.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,297 shares of the bank's stock worth $25,000 after buying an additional 2,200 shares during the last quarter. GAMMA Investing LLC bought a new stake in Brookline Bancorp in the 4th quarter valued at $34,000. EntryPoint Capital LLC acquired a new stake in Brookline Bancorp in the 1st quarter worth $47,000. Advisor Partners II LLC bought a new position in shares of Brookline Bancorp during the 3rd quarter worth about $104,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Brookline Bancorp during the third quarter valued at about $106,000. 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.