Brookline Bancorp, Inc. (NASDAQ:BRKL) Receives Consensus Rating of “Hold” from Analysts


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Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.00.

BRKL has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Zacks Investment Research cut shares of Brookline Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Piper Sandler cut their price target on shares of Brookline Bancorp from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, September 28th.

BRKL stock traded down $0.16 during mid-day trading on Friday, reaching $13.09. 17,264 shares of the stock traded hands, compared to its average volume of 381,283. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08. Brookline Bancorp has a one year low of $8.13 and a one year high of $16.25. The stock has a market capitalization of $1.03 billion, a PE ratio of 24.09 and a beta of 0.76. The business has a 50-day moving average price of $12.05 and a two-hundred day moving average price of $10.30.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Monday, November 2nd. The bank reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The firm had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $73.20 million. Brookline Bancorp had a net margin of 11.92% and a return on equity of 4.50%. On average, equities analysts expect that Brookline Bancorp will post 0.48 earnings per share for the current fiscal year.

In other Brookline Bancorp news, insider James M. Cosman sold 2,867 shares of the stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $11.89, for a total transaction of $34,088.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Hackett sold 2,500 shares of the stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $11.90, for a total transaction of $29,750.00. The disclosure for this sale can be found here. 2.59% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP lifted its position in shares of Brookline Bancorp by 3.7% during the third quarter. Trexquant Investment LP now owns 29,195 shares of the bank’s stock valued at $252,000 after buying an additional 1,042 shares during the last quarter. Baldwin Brothers Inc. MA raised its position in shares of Brookline Bancorp by 26.2% in the 4th quarter. Baldwin Brothers Inc. MA now owns 14,441 shares of the bank’s stock valued at $173,000 after purchasing an additional 3,000 shares during the last quarter. Measured Wealth Private Client Group LLC raised its position in shares of Brookline Bancorp by 31.8% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 14,981 shares of the bank’s stock valued at $130,000 after purchasing an additional 3,614 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Brookline Bancorp by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 179,323 shares of the bank’s stock valued at $1,550,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Brookline Bancorp by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 89,851 shares of the bank’s stock valued at $905,000 after purchasing an additional 4,310 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.

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