Brookline Bancorp Inc (NASDAQ:BRKL) Stock Sentiment Increases

January 21, 2018 - By Clifton Ray

 Brookline Bancorp Inc (NASDAQ:BRKL) Stock Sentiment  Increases

Sentiment for Brookline Bancorp Inc (NASDAQ:BRKL)

Brookline Bancorp Inc (NASDAQ:BRKL) institutional sentiment decreased to 1.3 in Q3 2017. Its down -0.09, from 1.39 in 2017Q2. The ratio is negative, as 78 funds started new or increased equity positions, while 60 reduced and sold stakes in Brookline Bancorp Inc. The funds in our partner’s database now possess: 57.96 million shares, down from 58.17 million shares in 2017Q2. Also, the number of funds holding Brookline Bancorp Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 48 Increased: 55 New Position: 23.

Brookline Bancorp, Inc. operates as the holding firm 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. The company has market cap of $1.27 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 21.47 P/E ratio. The firm also offers loans, such as 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; and loans and leases used to finance equipment used by small businesses.

The stock increased 1.85% or $0.3 during the last trading session, reaching $16.55. About 262,512 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 26.02% since January 21, 2017 and is uptrending. It has outperformed by 9.32% the S&P500.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on January, 24. They expect $0.21 EPS, up 10.53 % or $0.02 from last year’s $0.19 per share. BRKL’s profit will be $16.10 million for 19.70 P/E if the $0.21 EPS becomes a reality. After $0.20 actual EPS reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

Whalerock Point Partners Llc holds 2.15% of its portfolio in Brookline Bancorp, Inc. for 392,452 shares. Adirondack Research & Management Inc. owns 238,506 shares or 1.44% of their US portfolio. Moreover, Polaris Capital Management Llc has 0.97% invested in the company for 1.12 million shares. The California-based Fuller & Thaler Asset Management Inc. has invested 0.72% in the stock. Prospector Partners Llc, a Connecticut-based fund reported 202,100 shares.#img1#

Brookline Bancorp, Inc. (NASDAQ:BRKL) Ratings Coverage

Ratings analysis reveals 0 of Brookline Bancorp’s analysts are positive. Out of 4 Wall Street analysts rating Brookline Bancorp, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $12 while the high is $17.5. The stock’s average target of $15.38 is -7.07% below today’s ($16.55) share price. BRKL was included in 15 notes of analysts from September 3, 2015. The company was maintained on Friday, October 13 by Keefe Bruyette & Woods. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, October 19. As per Wednesday, September 16, the company rating was initiated by Piper Jaffray. On Thursday, September 21 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was downgraded by Sandler O’Neill on Thursday, October 19 to “Hold”. Compass Point upgraded Brookline Bancorp, Inc. (NASDAQ:BRKL) rating on Thursday, October 22. Compass Point has “Buy” rating and $12 target. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. On Friday, November 18 the stock rating was downgraded by Compass Point to “Neutral”. Sandler O’Neill upgraded Brookline Bancorp, Inc. (NASDAQ:BRKL) on Monday, August 21 to “Buy” rating. The firm has “Hold” rating by Piper Jaffray given on Monday, October 23.

More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Seekingalpha.com which released: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q3 2017 Results – Earnings …” on October 19, 2017, also Seekingalpha.com with their article: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q1 2017 Results – Earnings …” published on April 27, 2017, Seekingalpha.com published: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q2 2017 Results – Earnings …” on July 21, 2017. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Globenewswire.com and their article: “Brookline Bancorp, Inc. Announces Closing of Common Stock Offering” published on May 02, 2017 as well as Globenewswire.com‘s news article titled: “Brookline Bancorp, Inc. Announces Third Quarter 2017 Earnings Release Date and …” with publication date: September 27, 2017.

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