Stifel Nicolaus Downgrades Brookline Bancorp (BRKL) to Hold Following Q1 Results
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Stifel Nicolaus downgrades Brookline Bancorp (Nasdaq: BRKL) from Buy to Hold.
The news follows Brookline's Q1 earnings: reported Q1 EPS of $0.06, 1 cent lower than the analyst estimate of $0.07. The company also declared a quarterly dividend of $0.085 per common share, payable May 15, 2009 to stockholders of record on April 30, 2009.
Shares of Brookline are trading about 3.9% lower on the results. The stock most recently traded at $9.96.
Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, which provides a range of banking products and services.
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