In a report issued on July 9, Collyn Gilbert from KBW reiterated a Hold rating on Brookline Bancorp (NASDAQ: BRKL), with a price target of $19. The company’s shares closed yesterday at $18.30.
According to TipRanks.com, Gilbert is a 5-star analyst with an average return of 18.4% and a 79.8% success rate. Gilbert covers the Financial sector, focusing on stocks such as People’s United Financial, United Financial Bancorp, and Bankwell Financial Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Brookline Bancorp with a $19.50 average price target, representing a 6.6% upside. In a report issued on June 28, Sandler O’Neill also maintained a Hold rating on the stock with a $20 price target.
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Based on Brookline Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $18.63 million. In comparison, last year the company had a net profit of $14.88 million.
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Brookline Bancorp, Inc. is a multi-holding bank for which operates through the Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their subsidiaries. It provides range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services. Its customers include small-to mid-sized businesses as well as individuals. The company was founded in November 1997 and is headquartered in Boston, MA.
