Brookline Bancorp, Inc. (BRKL)’s Stock Is Buy After Achieving 52-Week High

May 27, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.24, from 1.3 in 2017Q3. It turned negative, 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.
Profund Advisors Limited Com has 0.01% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 12,024 shares. Proshare Advisors Ltd Liability Corporation reported 13,479 shares or 0% of all its holdings. American Gp Incorporated stated it has 59,901 shares or 0% of all its holdings. Citadel Lc owns 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 82,558 shares. Public Employees Retirement Systems Of Ohio reported 7,124 shares. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). California Pub Employees Retirement Systems accumulated 0.01% or 358,649 shares. Loring Wolcott And Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 112,212 shares or 0.03% of its portfolio. Cipher L P has 51,321 shares for 0.06% of their portfolio. Ameritas Invest Prtnrs Incorporated stated it has 6,592 shares or 0% of all its holdings. Hgk Asset Management Incorporated has 0.07% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). State Of Alaska Department Of Revenue stated it has 15,295 shares. Banc Funds Co Ltd Liability Com has 325,000 shares for 0.24% of their portfolio. Jacobs Levy Equity holds 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL) or 39,648 shares. Citigroup holds 7,219 shares.

Since February 5, 2018, it had 0 insider buys, and 5 sales for $875,381 activity. Fess Darryl J. sold $329,800 worth of stock. 5,188 shares were sold by McCurdy Michael W., worth $90,531 on Friday, May 18. Another trade for 5,000 shares valued at $81,250 was made by HACKETT JOHN A on Wednesday, February 7. Cosman James M sold $209,500 worth of stock or 12,500 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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