Is Brookline Bancorp, Inc. (BRKL)’s Fuel Running Low? The Stock Reaches 52-Week High Today

May 27, 2018 - By Louis Casey

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.24, from 1.3 in 2017Q3. It dived, as 21 investors sold Brookline Bancorp, Inc. shares while 50 reduced holdings. 28 funds opened positions while 47 raised stakes. 57.14 million shares or 1.40% less from 57.96 million shares in 2017Q3 were reported.
Voya Invest Management Limited Com has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). North Carolina-based Piedmont Investment Advisors Ltd Limited Liability Company has invested 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Millennium Lc holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 16,762 shares. Gemmer Asset Mgmt Ltd Liability Corp has invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). New England Rech invested in 0.18% or 16,156 shares. Comml Bank Of Montreal Can invested in 0% or 2,409 shares. Hotchkis & Wiley Capital Management Ltd Liability Co, California-based fund reported 81,458 shares. Banc Funds Commerce Llc holds 0.24% or 325,000 shares. Jacobs Levy Equity Mgmt owns 39,648 shares. Stifel Finance has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). Hennessy Advsr owns 605,000 shares for 0.29% of their portfolio. Fiduciary Tru holds 0.04% or 91,176 shares. Adirondack Rech Management Inc holds 1.47% or 238,506 shares. Cipher Capital Lp invested in 51,321 shares. Invesco Ltd has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL).

Since February 5, 2018, it had 0 insider buys, and 5 sales for $875,381 activity. $90,531 worth of stock was sold by McCurdy Michael W. on Friday, May 18. $329,800 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by Fess Darryl J.. On Monday, February 5 Cosman James M sold $209,500 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) or 12,500 shares. On Tuesday, February 27 PECK CHARLES H sold $164,300 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) or 10,000 shares.

The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) hit a new 52-week high and has $19.08 target or 6.00 % above today’s $18.00 share price. The 5 months bullish chart indicates low risk for the $1.44 billion company. The 1-year high was reported on May, 27 by Barchart.com. If the $19.08 price target is reached, the company will be worth $86.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It closed at $18 lastly. It is down 6.60% since May 27, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on July, 18. They expect $0.26 earnings per share, up 30.00 % or $0.06 from last year’s $0.2 per share. BRKL’s profit will be $20.84 million for 17.31 P/E if the $0.26 EPS becomes a reality. After $0.26 actual earnings per share reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Another recent and important Brookline Bancorp, Inc. (NASDAQ:BRKL) news was published by Seekingalpha.com which published an article titled: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q1 2018 Results – Earnings Call Transcript” on April 29, 2018.

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 $1.44 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 26.55 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.

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

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