Brookline Bancorp (NASDAQ:BRKL) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Brookline Bancorp (NASDAQ:BRKL) in a report issued on Friday morning. The brokerage issued a hold rating on the bank’s stock.

Brookline Bancorp Stock Performance

Shares of NASDAQ:BRKL opened at $10.26 on Friday. The business has a fifty day moving average of $10.71 and a 200-day moving average of $11.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. Brookline Bancorp has a twelve month low of $8.01 and a twelve month high of $13.15. The firm has a market cap of $922.99 million, a PE ratio of 13.32 and a beta of 0.71.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. The company had revenue of $91.49 million during the quarter, compared to analyst estimates of $91.38 million. On average, equities research analysts predict that Brookline Bancorp will post 1.35 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 5.26%. Brookline Bancorp’s payout ratio is 70.13%.

Hedge Funds Weigh In On Brookline Bancorp

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in Brookline Bancorp by 805.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank’s stock worth $33,000 after purchasing an additional 2,513 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Brookline Bancorp by 124.2% during the 4th quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock worth $34,000 after buying an additional 1,595 shares during the period. Pinney & Scofield Inc. bought a new stake in shares of Brookline Bancorp during the fourth quarter worth approximately $35,000. C M Bidwell & Associates Ltd. acquired a new position in Brookline Bancorp in the fourth quarter valued at approximately $72,000. Finally, KBC Group NV boosted its stake in Brookline Bancorp by 60.3% in the fourth quarter. KBC Group NV now owns 6,438 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,421 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

About Brookline Bancorp

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.