Recent Analysts’ Ratings Updates for Brookline Bancorp (BRKL)

Several analysts have recently updated their ratings and price targets for Brookline Bancorp (NASDAQ: BRKL):

  • 5/23/2018 – Brookline Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/16/2018 – Brookline Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Brookline Bancorp, Inc. is a holding company for Brookline Savings Bank. “
  • 5/14/2018 – Brookline Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/4/2018 – Brookline Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/7/2018 – Brookline Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

NASDAQ:BRKL opened at $18.00 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.50 and a beta of 0.92. Brookline Bancorp, Inc. has a twelve month low of $13.60 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, April 25th. The bank reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $65.66 million for the quarter. Brookline Bancorp had a net margin of 18.90% and a return on equity of 7.99%. research analysts expect that Brookline Bancorp, Inc. will post 1.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This is a positive change from Brookline Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. Brookline Bancorp’s dividend payout ratio is currently 50.00%.

In related news, insider Darryl J. Fess sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $16.49, for a total transaction of $329,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Michael W. Mccurdy sold 5,188 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $17.45, for a total transaction of $90,530.60. The disclosure for this sale can be found here. Insiders sold 35,188 shares of company stock worth $584,631 over the last quarter. Company insiders own 2.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Brookline Bancorp by 0.6% during the first quarter. Principal Financial Group Inc. now owns 588,866 shares of the bank’s stock worth $9,540,000 after acquiring an additional 3,558 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Brookline Bancorp during the first quarter worth approximately $181,000. Xact Kapitalforvaltning AB boosted its position in Brookline Bancorp by 25.7% during the first quarter. Xact Kapitalforvaltning AB now owns 18,583 shares of the bank’s stock worth $301,000 after acquiring an additional 3,800 shares during the last quarter. Barclays PLC boosted its position in Brookline Bancorp by 156.5% during the first quarter. Barclays PLC now owns 30,703 shares of the bank’s stock worth $498,000 after acquiring an additional 18,731 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Brookline Bancorp by 118.2% during the first quarter. The Manufacturers Life Insurance Company now owns 674,005 shares of the bank’s stock worth $10,919,000 after acquiring an additional 365,118 shares during the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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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