Could Brookline Bancorp, Inc. (BRKL) See a Reversal After Breaking Its 52-Week High?

June 12, 2018 - By Linda Rogers

Investors sentiment is 1.06 in Q1 2018. Its the same as in 2017Q4. It is without change, as 14 investors sold Brookline Bancorp, Inc. shares while 50 reduced holdings. only 19 funds opened positions while 49 raised stakes. 58.82 million shares or 2.93% more from 57.14 million shares in 2017Q4 were reported.
85,993 are owned by Boston Advsrs Llc. Mason Street Advsr Lc invested in 21,313 shares. 429,358 are owned by Eagle Asset Management. Laurion Capital Mgmt Limited Partnership has invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Jpmorgan Chase And Co reported 151,661 shares stake. Hotchkis Wiley Cap Ltd Liability invested in 0.01% or 81,458 shares. Mutual Of America Cap Mgmt Ltd Liability, a New York-based fund reported 545,768 shares. Pinebridge Limited Partnership stated it has 0.01% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). 10.00 million were reported by Blackrock. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma invested 0.03% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Legal And General Gp Public Limited owns 161,482 shares. Utd Services Automobile Association has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Royal Bancorporation Of Canada holds 80,886 shares. State Teachers Retirement has 0.01% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). Winslow Evans & Crocker Inc invested in 1,094 shares.

Since February 5, 2018, it had 0 insider purchases, and 5 sales for $875,381 activity. PECK CHARLES H sold 10,000 shares worth $164,300. 12,500 shares were sold by Cosman James M, worth $209,500 on Monday, February 5. $81,250 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by HACKETT JOHN A on Wednesday, February 7. $329,800 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by Fess Darryl J..

The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) hit a new 52-week high and has $19.76 target or 4.00 % above today’s $19.00 share price. The 5 months bullish chart indicates low risk for the $1.52 billion company. The 1-year high was reported on Jun, 12 by Barchart.com. If the $19.76 price target is reached, the company will be worth $60.96 million 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 $19 lastly. It is down 29.03% since June 12, 2017 and is uptrending. It has outperformed by 16.46% 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 $20.85 million for 18.27 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 Nasdaq.com which published an article titled: “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” on June 08, 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 $1.52 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 28.02 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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