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Brookline Bancorp (NASDAQ:BRKL) was Lowered by Analysts at Sandler O’Neill from a “Buy” Rating to “Hold”

NewYork Brookline Bancorp NASDAQ:BRKL

Brookline Bancorp (NASDAQ:BRKL) Rating Cut

Sandler O’Neill has decreased Brookline Bancorp (NASDAQ:BRKL) stock to “Hold” in a note sent to clients and investors on 19 October. BRKL’s old rating was “Buy”.

Institutional Ownership

Adirondack Research & Management Inc. had the largest stake with ownership of 334,860 shares as of q2 2015 for 1.47% of the US equity exposure. Skyline Asset Management Lp is another very bullish fund who is possessing 1.30 million shares of Brookline Bancorp or 1.13% of their US equity exposure. Furthermore, Polaris Capital Management Llc have 0.84% of their US equity exposure invested in the company for 884,891 shares. The Florida-based fund Deprince Race & Zollo Inc revealed it had purchased so far a stake worth about 0.41% of the fund’s stock portfolio in Brookline Bancorp. The California-based fund Hennessy Advisors Inc is also positive about the stock, possessing 1.59 million shares or 0.25% of their US equity exposure.

Brookline Bancorp (NASDAQ:BRKL) Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016. The Company also provides specialty equipment financing through its subsidiaries, Eastern Funding LLC and Macrolease Corporation.

Brookline Bancorp (NASDAQ:BRKL) traded down -0.94% on 19 October, hitting $15.85. A total of 832,188 shares of the company’s stock traded hands. This is up from average of 494,912 shares. Brookline Bancorp has a 52 week low of $12.25 and a 52 week high of $17.45. The company has a market cap of $1.21 billion and a P/E ratio of 20.58.

Get the latest Brookline Bancorp (NASDAQ:BRKL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Brookline Bancorp (NASDAQ:BRKL) was Lowered by Analysts at Sandler O’Neill from a “Buy” Rating to “Hold” appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Brookline Bancorp (NASDAQ:BRKL) was Lowered by Analysts at Sandler O’Neill from a “Buy” Rating to “Hold”


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