Brookline Bancorp, Inc. (NASDAQ:BRKL) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.50.

A number of brokerages have issued reports on BRKL. Piper Jaffray Companies raised Brookline Bancorp from a “neutral” rating to an “overweight” rating and increased their price target for the company from $15.50 to $17.00 in a research note on Thursday, May 2nd. ValuEngine lowered Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th.

BRKL stock traded up $0.09 on Monday, reaching $15.24. The company’s stock had a trading volume of 159,078 shares, compared to its average volume of 231,328. Brookline Bancorp has a 52 week low of $12.84 and a 52 week high of $19.00. The company has a market capitalization of $1.21 billion, a P/E ratio of 14.24 and a beta of 0.90. The business has a fifty day simple moving average of $14.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $69.63 million during the quarter, compared to analyst estimates of $69.40 million. Brookline Bancorp had a return on equity of 9.78% and a net margin of 24.61%. Research analysts anticipate that Brookline Bancorp will post 1.16 earnings per share for the current fiscal year.

In other Brookline Bancorp news, General Counsel Michael W. Mccurdy sold 2,574 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $14.89, for a total transaction of $38,326.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark J. Meiklejohn sold 23,335 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $15.04, for a total value of $350,958.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,979 shares of company stock valued at $405,539. 2.54% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BRKL. Oregon Public Employees Retirement Fund bought a new stake in shares of Brookline Bancorp in the fourth quarter valued at about $423,000. Acadian Asset Management LLC purchased a new stake in Brookline Bancorp in the 4th quarter worth approximately $58,000. PNC Financial Services Group Inc. boosted its position in Brookline Bancorp by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,273 shares of the bank’s stock worth $516,000 after purchasing an additional 762 shares in the last quarter. BlackRock Inc. boosted its position in Brookline Bancorp by 1.1% in the 4th quarter. BlackRock Inc. now owns 11,833,148 shares of the bank’s stock worth $163,534,000 after purchasing an additional 133,973 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in Brookline Bancorp by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 52,671 shares of the bank’s stock worth $728,000 after purchasing an additional 2,073 shares in the last quarter. 76.80% of the stock is owned by hedge funds and other institutional investors.

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, as well as commercial, municipal, and retail deposits.

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