Brookline Bancorp (NASDAQ:BRKL) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Brookline Bancorp (NASDAQ:BRKL - Get Free Report) in a research report issued on Friday. The firm set a "hold" rating on the bank's stock.

Brookline Bancorp Stock Performance

Shares of BRKL traded down $0.09 during mid-day trading on Friday, hitting $10.44. The stock had a trading volume of 426,218 shares, compared to its average volume of 582,189. The business has a fifty day moving average price of $10.62 and a 200-day moving average price of $11.49. The firm has a market cap of $939.18 million, a P/E ratio of 13.56 and a beta of 0.71. Brookline Bancorp has a 52 week low of $8.01 and a 52 week 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 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 net margin of 10.51% and a return on equity of 5.94%. The business had revenue of $91.49 million for the quarter, compared to the consensus estimate of $91.38 million. On average, equities research analysts expect that Brookline Bancorp will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in shares of Brookline Bancorp by 805.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock worth $33,000 after buying an additional 2,513 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Brookline Bancorp by 124.2% in the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank's stock worth $34,000 after buying an additional 1,595 shares during the last quarter. Pinney & Scofield Inc. bought a new position in Brookline Bancorp in the fourth quarter worth approximately $35,000. C M Bidwell & Associates Ltd. purchased a new position in Brookline Bancorp during the fourth quarter valued at $72,000. Finally, KBC Group NV grew its stake in shares of Brookline Bancorp by 60.3% during the 4th quarter. KBC Group NV now owns 6,438 shares of the bank's stock valued at $76,000 after acquiring an additional 2,421 shares during the period. 78.91% of the stock is currently 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.