Brookline Bancorp (NASDAQ:BRKL) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 price objective on shares of Brookline Bancorp in a research note on Friday, July 13th. Finally, ValuEngine lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.67.

Shares of Brookline Bancorp stock opened at $16.95 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. Brookline Bancorp has a 12-month low of $14.45 and a 12-month high of $19.35. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 21.19 and a beta of 0.78.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $68.24 million for the quarter, compared to analyst estimates of $69.40 million. Brookline Bancorp had a net margin of 19.97% and a return on equity of 8.53%. research analysts forecast that Brookline Bancorp will post 1.08 EPS for the current year.

In other news, Director David C. Chapin sold 5,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $18.01, for a total value of $90,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider M Robert Rose sold 4,500 shares of the 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 15,250 shares of company stock worth $275,853 in the last quarter. Company insiders own 2.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings 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 buying an additional 3,558 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Brookline Bancorp by 11.0% during the second quarter. MetLife Investment Advisors LLC now owns 36,642 shares of the bank’s stock worth $682,000 after buying an additional 3,641 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Brookline Bancorp by 15.9% during the second quarter. Victory Capital Management Inc. now owns 27,638 shares of the bank’s stock worth $514,000 after buying an additional 3,791 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings 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 buying an additional 3,800 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Brookline Bancorp by 4.1% during the second quarter. Comerica Bank now owns 104,928 shares of the bank’s stock worth $1,931,000 after buying an additional 4,129 shares in the last quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.

Brookline Bancorp Company Profile

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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