Brookline Bancorp Inc. (NASDAQ:BRKL) saw an uptick in trading volume on Friday . 509,259 shares changed hands during trading, an increase of 87% from the previous session’s volume of 272,754 shares.The stock last traded at $11.07 and had previously closed at $10.72.

A number of brokerages have weighed in on BRKL. Keefe, Bruyette & Woods upgraded Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research note on Friday. Sandler O’Neill lowered Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Finally, American Capital Partners began coverage on Brookline Bancorp in a research note on Thursday, April 14th. They issued a “buy” rating and a $12.50 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.10.

The stock has a market cap of $779.31 million and a PE ratio of 15.37. The company’s 50-day moving average is $11.16 and its 200 day moving average is $11.01.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. During the same period in the prior year, the business posted $0.17 earnings per share. Equities research analysts anticipate that Brookline Bancorp Inc. will post $0.74 earnings per share for the current fiscal year.

In related news, Director Charles H. Peck sold 12,000 shares of Brookline Bancorp stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $11.25, for a total value of $135,000.00. Following the completion of the sale, the director now owns 284,718 shares of the company’s stock, valued at $3,203,077.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds have recently modified their holdings of BRKL. Nationwide Fund Advisors raised its stake in shares of Brookline Bancorp by 217.0% in the fourth quarter. Nationwide Fund Advisors now owns 206,156 shares of the company’s stock valued at $2,371,000 after buying an additional 141,114 shares during the last quarter. American Century Companies Inc. increased its position in Brookline Bancorp by 47.2% in the fourth quarter. American Century Companies Inc. now owns 146,247 shares of the company’s stock valued at $1,682,000 after buying an additional 46,871 shares during the period. Rhumbline Advisers increased its position in Brookline Bancorp by 3.2% in the fourth quarter. Rhumbline Advisers now owns 115,793 shares of the company’s stock valued at $1,332,000 after buying an additional 3,595 shares during the period. Mutual of America Capital Management LLC increased its position in Brookline Bancorp by 9.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 464,704 shares of the company’s stock valued at $5,344,000 after buying an additional 39,909 shares during the period. Finally, Bank of Montreal Can increased its position in Brookline Bancorp by 904.8% in the fourth quarter. Bank of Montreal Can now owns 179,481 shares of the company’s stock valued at $2,064,000 after buying an additional 161,618 shares during the period.

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank, a Massachusetts-chartered savings bank; Bank Rhode Island (BankRI), a Rhode Island-chartered financial institution, and First Ipswich Bank (First Ipswich), a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial, business and retail banking services to its corporate, municipal and individual customers through its banks and non-bank subsidiaries.

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