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 Sunday morning. The brokerage issued a hold rating on the bank’s stock.

Brookline Bancorp Stock Up 1.0%

Shares of NASDAQ BRKL opened at $11.09 on Friday. Brookline Bancorp has a one year low of $8.01 and a one year high of $13.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The business’s fifty day moving average price is $10.48 and its 200-day moving average price is $11.51. The stock has a market capitalization of $997.66 million, a PE ratio of 14.40 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. The firm had revenue of $91.49 million for the quarter, compared to analysts’ expectations of $91.38 million. On average, equities research analysts anticipate that Brookline Bancorp will post 1.35 EPS for the current year.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.87%. Brookline Bancorp’s dividend payout ratio is presently 65.85%.

Institutional Trading of Brookline Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its holdings in Brookline Bancorp by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 57,132 shares of the bank’s stock worth $674,000 after purchasing an additional 811 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Brookline Bancorp by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,905 shares of the bank’s stock worth $53,000 after purchasing an additional 1,199 shares in the last quarter. LPL Financial LLC lifted its holdings in Brookline Bancorp by 3.2% during the 4th quarter. LPL Financial LLC now owns 43,073 shares of the bank’s stock worth $508,000 after purchasing an additional 1,323 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Brookline Bancorp by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,172 shares of the bank’s stock worth $536,000 after purchasing an additional 1,573 shares in the last quarter. Finally, ABC Arbitrage SA lifted its holdings in Brookline Bancorp by 2.9% during the 1st quarter. ABC Arbitrage SA now owns 61,656 shares of the bank’s stock worth $672,000 after purchasing an additional 1,745 shares in the last quarter. Hedge funds and other institutional investors 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.