Brookline Bancorp, Inc. (NASDAQ:BRKL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities analysts have also weighed in on BRKL. Piper Jaffray Companies restated a “hold” rating and set a $15.00 price target on shares of Brookline Bancorp in a research report on Friday, July 14th. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.00 to $16.50 in a research report on Thursday, April 27th.

Shares of Brookline Bancorp (NASDAQ:BRKL) opened at 13.90 on Friday. Brookline Bancorp has a 52 week low of $11.07 and a 52 week high of $17.45. The firm has a market cap of $1.06 billion, a PE ratio of 18.05 and a beta of 0.97. The firm has a 50-day moving average of $14.60 and a 200 day moving average of $14.92.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $60.10 million during the quarter, compared to analyst estimates of $58.08 million. Brookline Bancorp had a net margin of 19.64% and a return on equity of 7.56%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities research analysts predict that Brookline Bancorp will post $0.79 EPS for the current fiscal year.

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In other Brookline Bancorp news, General Counsel Michael W. Mccurdy sold 4,895 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $14.20, for a total transaction of $69,509.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.85% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Brookline Bancorp by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 7,790 shares of the bank’s stock worth $121,000 after buying an additional 160 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Brookline Bancorp during the second quarter worth $150,000. Victory Capital Management Inc. acquired a new position in shares of Brookline Bancorp during the first quarter worth $161,000. Airain ltd acquired a new position in shares of Brookline Bancorp during the first quarter worth $173,000. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Brookline Bancorp by 20.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 12,000 shares of the bank’s stock worth $175,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

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