Does Brookline Bancorp Incorporated (NASDAQ:BRKL) Have Gas After Even More Sellers Involved?

September 17, 2017 - By Ellis Scott

 Does Brookline Bancorp Incorporated (NASDAQ:BRKL) Have Gas After Even More Sellers Involved?

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It is positive, as 10 investors sold Brookline Bancorp, Inc. shares while 58 reduced holdings. 21 funds opened positions while 54 raised stakes. 51.92 million shares or 2.77% more from 50.52 million shares in 2016Q3 were reported.
134,504 are held by Comml Bank Of Montreal Can. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma owns 112,212 shares. Mason Street Lc invested in 0.01% or 15,413 shares. Clearbridge Investments Ltd Liability Co stated it has 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Renaissance Technology Limited Liability holds 0.03% or 1.12 million shares in its portfolio. Citigroup accumulated 133,113 shares. 28,400 are owned by Louisiana State Employees Retirement Sys. American Gp owns 50,947 shares or 0% of their US portfolio. Hennessy Advsrs has invested 0.29% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Parametric Associate Ltd Liability Corporation stated it has 220,736 shares or 0.01% of all its holdings. Adage Cap Partners Llc has invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Moreover, Boston Advsr Ltd Llc has 0.03% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 88,900 shares. Charter Trust holds 46,800 shares. Suntrust Banks invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Great West Life Assurance Can accumulated 95,990 shares.

Since June 5, 2017, it had 0 insider buys, and 1 insider sale for $69,509 activity.

The stock of Brookline Bancorp Incorporated (NASDAQ:BRKL) registered an increase of 7.27% in short interest. BRKL’s total short interest was 1.88 million shares in September as published by FINRA. Its up 7.27% from 1.75 million shares, reported previously. With 295,600 shares average volume, it will take short sellers 6 days to cover their BRKL’s short positions. The short interest to Brookline Bancorp Incorporated’s float is 2.75%.

The stock increased 0.35% or $0.05 on September 15, reaching $14.3. About 1.02 million shares traded or 190.54% up from the average. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 26.02% since September 17, 2016 and is uptrending. It has outperformed by 9.32% the S&P500.

Brookline Bancorp, Inc. operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. The company has market cap of $1.10 billion. 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. It has a 18.57 P/E ratio.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Ratings Coverage

Among 4 analysts covering Brookline Bancorp (NASDAQ:BRKL), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Brookline Bancorp had 9 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, June 7. The firm has “Buy” rating by Sandler O’Neill given on Thursday, September 3. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. Piper Jaffray initiated the stock with “Neutral” rating in Wednesday, September 16 report. The rating was maintained by Piper Jaffray with “Hold” on Thursday, July 13. On Friday, November 18 the stock rating was downgraded by Compass Point to “Neutral”. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Hold” rating given on Tuesday, August 8 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, October 22 by Compass Point. The firm has “Buy” rating by Sandler O’Neill given on Monday, August 21.

More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Seekingalpha.com which released: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q1 2017 Results – Earnings …” on April 27, 2017, also Prnewswire.com with their article: “Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and …” published on September 28, 2016, Seekingalpha.com published: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q2 2017 Results – Earnings …” on July 21, 2017. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Brookline Bancorp, Boston Private Financial and Wells Fargo” published on October 31, 2016 as well as Globenewswire.com‘s news article titled: “Brookline Bancorp, Inc. Announces Commencement of Common Stock Offering” with publication date: April 26, 2017.

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