BidaskClub cut shares of Brookline Bancorp (NASDAQ:BRKL) from a sell rating to a strong sell rating in a research report released on Friday.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reiterated a hold rating and set a $19.00 price objective on shares of Brookline Bancorp in a research report on Friday, July 13th. Zacks Investment Research lowered shares of Brookline Bancorp from a buy rating to a hold rating in a research report on Tuesday, July 3rd. Finally, ValuEngine lowered shares of Brookline Bancorp from a buy rating to a hold rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $18.67.

BRKL stock traded down $0.17 during trading on Friday, hitting $15.64. 175,995 shares of the company’s stock traded hands, compared to its average volume of 278,865. Brookline Bancorp has a 52 week low of $14.45 and a 52 week high of $19.35. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.27 billion, a P/E ratio of 19.55 and a beta of 0.79.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Brookline Bancorp had a net margin of 19.97% and a return on equity of 8.53%. The business had revenue of $68.24 million during the quarter, compared to analyst estimates of $69.40 million. As a group, analysts anticipate that Brookline Bancorp will post 1.08 EPS for the current year.

In other news, insider James M. Cosman sold 2,750 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $18.01, for a total value of $49,527.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael W. Mccurdy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $17.90, for a total transaction of $53,700.00. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $275,853 in the last quarter. 2.51% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth about $143,000. WINTON GROUP Ltd bought a new stake in shares of Brookline Bancorp in the 1st quarter worth about $181,000. GSA Capital Partners LLP bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth about $214,000. Winthrop Advisory Group LLC bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth about $265,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth about $316,000. Hedge funds and other institutional investors own 75.79% of the company’s stock.

About Brookline Bancorp

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.

Further Reading: Buyback For Investors Defined

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