Brookline Bancorp Inc (NASDAQ:BRKL) Institutional Investor Sentiment Is 1.06

April 16, 2018 - By Michael Pereira

Sentiment for Brookline Bancorp Inc (NASDAQ:BRKL)

Brookline Bancorp Inc (NASDAQ:BRKL) institutional sentiment decreased to 1.06 in Q4 2017. Its down -0.24, from 1.3 in 2017Q3. The ratio fall, as 75 investment professionals opened new or increased equity positions, while 71 cut down and sold positions in Brookline Bancorp Inc. The investment professionals in our partner’s database now hold: 57.14 million shares, down from 57.96 million shares in 2017Q3. Also, the number of investment professionals holding Brookline Bancorp Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 21 Reduced: 50 Increased: 47 New Position: 28.

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 $1.29 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 23.97 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 0.62% or $0.1 during the last trading session, reaching $16.25. About 53,501 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 6.60% since April 16, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on April, 25. They expect $0.24 earnings per share, up 26.32 % or $0.05 from last year’s $0.19 per share. BRKL’s profit will be $19.11M for 16.93 P/E if the $0.24 EPS becomes a reality. After $0.21 actual earnings per share reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.29 % EPS growth.

Whalerock Point Partners Llc holds 1.95% of its portfolio in Brookline Bancorp, Inc. for 392,452 shares. Adirondack Research & Management Inc. owns 238,506 shares or 1.47% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 0.76% invested in the company for 4.02 million shares. The California-based Hennessy Advisors Inc has invested 0.29% in the stock. Fj Capital Management Llc, a Virginia-based fund reported 128,100 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $784,850 activity.

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

Ratings analysis reveals 0 of Brookline Bancorp’s analysts are positive. Out of 3 Wall Street analysts rating Brookline Bancorp, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16.0 while the high is $18.0. The stock’s average target of $17 is 4.62% above today’s ($16.25) share price. BRKL was included in 5 notes of analysts from October 19, 2017. The firm has “Hold” rating by Sandler O’Neill given on Thursday, October 19. The rating was maintained by Piper Jaffray on Monday, October 23 with “Hold”. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Hold” rating given on Thursday, October 19 by Keefe Bruyette & Woods. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. Keefe Bruyette & Woods maintained it with “Hold” rating and $18.0 target in Friday, February 2 report.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Institutional Positions Chart

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