Brookline Bancorp Receives Consensus Rating of “Hold” from Analysts (NASDAQ:BRKL)

Shares of Brookline Bancorp (NASDAQ:BRKL) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, Analyst Ratings Network.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $10.83.

A number of analysts recently issued reports on BRKL shares. Sandler O’Neill upgraded Brookline Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 3rd. Compass Point upgraded Brookline Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $12.00 in a research note on Thursday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Brookline Bancorp from $11.50 to $12.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Zacks Investment Research downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Finally, Piper Jaffray started coverage on Brookline Bancorp in a report on Tuesday, September 15th. They issued a “neutral” rating and a $11.00 price objective for the company.

Shares of Brookline Bancorp (NASDAQ:BRKL) traded up 0.51% on Tuesday, reaching $11.75. The company’s stock had a trading volume of 78,258 shares. The company’s 50 day moving average is $11.20 and its 200-day moving average is $11.03. Brookline Bancorp has a 1-year low of $9.21 and a 1-year high of $11.97. The stock has a market cap of $824.58 million and a PE ratio of 17.59.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, October 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. During the same period last year, the company posted $0.15 earnings per share. On average, equities analysts predict that Brookline Bancorp will post $0.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 20th. Investors of record on Friday, November 6th were issued a $0.09 dividend. The ex-dividend date was Wednesday, November 4th. This represents a $0.36 dividend on an annualized basis and a yield of 3.08%.

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank, a Massachusetts-chartered savings bank; Bank Rhode Island (NASDAQ:BRKL), a Rhode Island-chartered financial institution, and First Ipswich Bank (First Ipswich), a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial, business and retail banking services to its corporate, municipal and individual customers through its banks and non-bank subsidiaries. The Company’s activities include acceptance of commercial, municipal and retail deposits, origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island, origination of commercial loans and leases to small- and mid-sized businesses, investment in debt and equity securities, and the offering of cash management and investment advisory services. The Company also provides specialty equipment financing.

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