Brookline Bancorp (BRKL) is Downgraded by Sandler O’Neill to Hold

Brookline Bancorp (BRKL) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Jun 7, 2016.

On the company’s financial health, Brookline Bancorp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 53.24.During the same quarter in the previous year, the company posted $0.17 EPS.

Brookline Bancorp closed down -0.09 points or -0.77% at $11.59 with 2,87,056 shares getting traded on Friday. Post opening the session at $11.6, the shares hit an intraday low of $11.32 and an intraday high of $11.6224 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 18, 2016, Charles H Peck (director) sold 12,000 shares at $11.25 per share price. According to the SEC, on May 5, 2016, Margaret Boles Fitzgerald (director) purchased 1,500 shares at $11.14 per share price. On May 3, 2016, David C Chapin (director) sold 1,458 shares at $11.26 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.

Brookline Bancorp

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