Bessemer Group, Inc. decreased Brookline Bancorp (New) (BRKL) stake by 69.99% reported in 2017Q2 SEC filing. Bessemer Group Inc sold 68,307 shares as Brookline Bancorp (New) (BRKL)’s stock declined 13.08%. The Bessemer Group Inc holds 29,293 shares with $428,000 value, down from 97,600 last quarter. Brookline Bancorp (New) now has $1.22 billion valuation. The stock increased 4.26% or $0.65 during the last trading session, reaching $15.9. About 1.17 million shares traded or 212.31% up from the average. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 26.02% since December 18, 2016 and is uptrending. It has outperformed by 9.32% the S&P500.
Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on January, 24. They expect $0.21 earnings per share, up 10.53% or $0.02 from last year’s $0.19 per share. BRKL’s profit will be $16.10 million for 18.93 P/E if the $0.21 EPS becomes a reality. After $0.20 actual earnings per share reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.
Among 4 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Brookline Bancorp had 14 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was downgraded by Sandler O’Neill on Tuesday, June 7 to “Hold”. The company was upgraded on Thursday, September 3 by Sandler O’Neill. As per Thursday, October 19, the company rating was maintained by Keefe Bruyette & Woods. As per Thursday, October 19, the company rating was downgraded by Sandler O’Neill. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, October 13. The rating was maintained by Piper Jaffray with “Hold” on Thursday, July 13. The firm has “Buy” rating given on Thursday, October 22 by Compass Point. The firm earned “Hold” rating on Thursday, September 21 by Piper Jaffray. Sandler O’Neill upgraded it to “Buy” rating and $16.0 target in Monday, August 21 report. The firm has “Hold” rating given on Monday, October 23 by Piper Jaffray.
Investors sentiment decreased to 1.3 in Q2 2017. Its down 0.09, from 1.39 in 2017Q1. It dived, as 19 investors sold BRKL shares while 43 reduced holdings. 25 funds opened positions while 61 raised stakes. 58.17 million shares or 9.14% more from 53.30 million shares in 2017Q1 were reported. Jpmorgan Chase holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 262,139 shares. Gsa Capital Partners Limited Liability Partnership, United Kingdom-based fund reported 16,904 shares. Suntrust Banks invested in 11,074 shares. Jennison Associate Limited Liability Corp holds 0.01% or 902,960 shares. Charter holds 46,367 shares or 0.08% of its portfolio. Blackrock accumulated 9.30 million shares. American Group Incorporated Incorporated has invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Pinebridge Investments Limited Partnership holds 48,020 shares. Endurance Wealth Mgmt invested 0.07% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Qs Invsts Lc has 161,225 shares for 0.02% of their portfolio. 179,012 are owned by First Tru Advisors Ltd Partnership. Glenmede Na invested in 0% or 39,763 shares. Capstone Asset Management has 0.01% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). California Public Employees Retirement holds 350,686 shares. Brandywine Glob Limited Liability Company invested 0.02% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL).
Brookline Bancorp Company 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.