ValuEngine cut shares of Brookline Bancorp (NASDAQ:BRKL) from a hold rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

Several other research analysts also recently issued reports on BRKL. Zacks Investment Research upgraded Brookline Bancorp from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Wednesday, February 6th. Sandler O’Neill downgraded Brookline Bancorp from a buy rating to a hold rating and set a $17.00 price objective for the company. in a research report on Wednesday, February 13th. BidaskClub upgraded Brookline Bancorp from a strong sell rating to a sell rating in a research report on Wednesday, February 20th. Finally, Piper Jaffray Companies upgraded Brookline Bancorp from a neutral rating to an overweight rating and boosted their price target for the company from $15.50 to $17.00 in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $17.38.

Shares of Brookline Bancorp stock opened at $14.35 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13. Brookline Bancorp has a 1 year low of $12.84 and a 1 year high of $19.35. The company has a market cap of $1.16 billion, a P/E ratio of 13.41 and a beta of 0.91.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Brookline Bancorp had a return on equity of 9.78% and a net margin of 24.61%. The firm had revenue of $69.63 million during the quarter, compared to the consensus estimate of $69.40 million. On average, analysts forecast that Brookline Bancorp will post 1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This is an increase from Brookline Bancorp’s previous quarterly dividend of $0.11. This represents a $0.44 annualized dividend and a yield of 3.07%. Brookline Bancorp’s payout ratio is 41.12%.

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in Brookline Bancorp in the 4th quarter valued at $58,000. M&T Bank Corp acquired a new position in Brookline Bancorp in the 4th quarter valued at $916,000. PNC Financial Services Group Inc. raised its holdings in Brookline Bancorp by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,273 shares of the bank’s stock valued at $516,000 after acquiring an additional 762 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Brookline Bancorp by 21.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,278,025 shares of the bank’s stock valued at $17,662,000 after acquiring an additional 226,761 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Brookline Bancorp by 13.1% in the 4th quarter. Bank of America Corp DE now owns 615,788 shares of the bank’s stock valued at $8,510,000 after acquiring an additional 71,518 shares during the last quarter. Institutional investors own 76.80% 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, as well as commercial, municipal, and retail deposits.

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