Several brokerages have updated their recommendations and price targets on shares of Brookline Bancorp (NASDAQ: BRKL) in the last few weeks:

  • 9/6/2018 – Brookline Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brookline Bancorp, Inc. is a holding company for Brookline Savings Bank. “
  • 8/30/2018 – Brookline Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/23/2018 – Brookline Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brookline Bancorp, Inc. is a holding company for Brookline Savings Bank. “
  • 8/17/2018 – Brookline Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/9/2018 – Brookline Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/8/2018 – Brookline Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $18.50 price target on the stock.
  • 8/8/2018 – Brookline Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/6/2018 – Brookline Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brookline Bancorp, Inc. is a holding company for Brookline Savings Bank. “
  • 7/13/2018 – Brookline Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $19.00 price target on the stock.
  • 7/12/2018 – Brookline Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

NASDAQ:BRKL traded down $0.03 during midday trading on Friday, hitting $17.97. The company had a trading volume of 11,931 shares, compared to its average volume of 248,787. Brookline Bancorp, Inc. has a 52-week low of $13.63 and a 52-week high of $19.35. The firm has a market capitalization of $1.46 billion, a PE ratio of 22.46 and a beta of 0.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17.

Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Brookline Bancorp had a net margin of 19.97% and a return on equity of 8.53%. The company had revenue of $68.24 million during the quarter, compared to analyst estimates of $69.40 million. sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a $0.10 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.40 annualized dividend and a yield of 2.23%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

In related news, insider James M. Cosman sold 2,750 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $18.01, for a total value of $49,527.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider M Robert Rose sold 4,500 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $18.35, for a total transaction of $82,575.00. The disclosure for this sale can be found here. Insiders sold 12,250 shares of company stock valued at $222,153 over the last quarter. 2.51% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Brookline Bancorp in the second quarter worth $143,000. WINTON GROUP Ltd bought a new stake in Brookline Bancorp in the first quarter worth $181,000. Eaton Vance Management bought a new stake in Brookline Bancorp in the first quarter worth $185,000. GSA Capital Partners LLP bought a new stake in Brookline Bancorp in the second quarter worth $214,000. Finally, Winthrop Advisory Group LLC bought a new stake in Brookline Bancorp in the second quarter worth $265,000. Institutional investors own 76.28% 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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