American Capital Partners Initiates Coverage on Brookline Bancorp to Buy

American Capital Partners Initiates Coverage on Brookline Bancorp(NASDAQ:BRKL). The shares have been rated Buy. The rating by American Capital Partners was issued on Apr 14, 2016.

Brookline Bancorp (BRKL) made into the market gainers list on Mondays trading session with the shares advancing 1.17% or 0.13 points. Due to strong positive momentum, the stock ended at $11.25, which is also near the day’s high of $11.27. The stock began the session at $11.06 and the volume stood at 1,39,048 shares. The 52-week high of the shares is $11.9746 and the 52 week low is $9.86. The company has a current market capitalization of $792 M and it has 7,03,96,856 shares in outstanding.

Brookline Bancorp(BRKL) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $56.14M. Analysts had an estimated revenue of $50.47M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Apr 30, 2015, Carl M Carlson (CFO) purchased 3,000 shares at $10.97 per share price.Also, On Apr 29, 2015, Charles H Peck (director) sold 25,000 shares at $10.98 per share price.On Apr 27, 2015, Joseph J Slotnik (director) sold 5,000 shares at $11.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Brookline Bancorp Inc. operates as a multi-bank holding company for Brookline Bank a Massachusetts-chartered savings bank; Bank Rhode Island (BankRI) 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.

Leave a Reply

Brookline Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Brookline Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.