Bullish Wedge Up Chart Pattern Is Formed By Brookline Bancorp, Inc. (BRKL) at $16.25

April 16, 2018 - By Mary Gaskins

During 2017 Q4 the big money sentiment decreased to 1.06. That’s change of 0.24, from 2017Q3’s 1.3. 21 investors sold all, 50 reduced holdings as Brookline Bancorp, Inc. ratio worsened. 47 grew stakes while 28 funds bought stakes. Funds hold 57.14 million shares thus 1.40% less from 2017Q3’s 57.96 million shares.
Alliancebernstein Limited Partnership, a New York-based fund reported 116,921 shs. Deprince Race Zollo has 0.02% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 59,709 shs. Putnam Investments Limited Liability has invested 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL). State Board Of Administration Of Florida Retirement Systems reported 0% of its capital in Brookline Bancorp, Inc. (NASDAQ:BRKL). Jennison Assoc Ltd owns 0.02% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 1.53 million shs. Fuller Thaler Asset Inc owns 4.02 million shs. Public Employees Retirement Sys Of Ohio has 7,124 shs. 296,054 were reported by First Manhattan. Parsons Capital Mngmt Incorporated Ri has invested 0.03% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Banc Funds Ltd Limited Liability Company holds 325,000 shs or 0.24% of its capital. Ipswich Management Co, Massachusetts-based fund reported 11,700 shs. Prelude Management has 1,570 shs for 0% of their capital. Fj Capital Limited Liability Corp owns 128,100 shs. Laurion Capital Mngmt L P reported 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). State Street holds 0% of its capital in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 2.75M shs.

Brookline Bancorp, Inc. had 4 sales and 0 insider buys since February 5, 2018. This’s net activity of $784,850. On Wednesday, February 7 HACKETT JOHN A also sold $81,250 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL). Fess Darryl J. sold 20,000 shs worth $329,800. On Monday, February 5 12,500 shs were sold by Cosman James M, worth $209,500.

An up wedge technical pattern was formed by Brookline Bancorp, Inc. (BRKL). It has $16.90 Target or $16.25 price per share. At $16.90 Target, the company’s valuation could be $51.76 million more.

The stock increased 0.62% or $0.1 during the last trading session, reaching $16.25.Brookline Bancorp, Inc. has volume of 16,449 shares. Since April 16, 2017 BRKL has risen 6.60% and is uptrending. The stock underperformed the S&P500 by 4.95%.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on April, 25. They expect $0.24 EPS, up 26.32 % or $0.05 from last year’s $0.19 per share. BRKL’s profit will be $19.11 million for 16.93 P/E if the $0.24 EPS becomes a reality. After $0.21 actual EPS reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.29 % EPS growth.

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

Total analysts of 3 have positions in Brookline Bancorp (NASDAQ:BRKL) as follows: 0 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 0. Since October 19, 2017 according to StockzIntelligence Inc Brookline Bancorp has 5 analyst reports. On Thursday, October 19 the firm has “Hold” rating given by Sandler O’Neill. On Thursday, December 21 Keefe Bruyette & Woods maintained Brookline Bancorp, Inc. (NASDAQ:BRKL) rating. Keefe Bruyette & Woods has “Hold” rating and $17.5 target. On Thursday, October 19 the stock has “Hold” rating by Keefe Bruyette & Woods. On Monday, October 23 the stock has “Hold” rating by Piper Jaffray. On Friday, February 2 Keefe Bruyette & Woods maintained Brookline Bancorp, Inc. (NASDAQ:BRKL) rating. Keefe Bruyette & Woods has “Hold” rating and $18.0 target.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Institutional Investors Chart

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