Skyline Asset Management LP Decreased First Midwest Bancorp Del (FMBI) Stake By $1.20 Million; Brookline Bancorp, Inc. (BRKL) Had 1 Analysts Last Week

October 13, 2017 - By Richard Conner

Skyline Asset Management Lp decreased First Midwest Bancorp Del (FMBI) stake by 5.31% reported in 2017Q2 SEC filing. Skyline Asset Management Lp sold 52,200 shares as First Midwest Bancorp Del (FMBI)’s stock declined 9.42%. The Skyline Asset Management Lp holds 931,442 shares with $21.71 million value, down from 983,642 last quarter. First Midwest Bancorp Del now has $2.40B valuation. The stock decreased 0.38% or $0.09 during the last trading session, reaching $23.33. About shares traded. First Midwest Bancorp Inc (NASDAQ:FMBI) has risen 25.46% since October 13, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

Among 4 analysts covering Brookline Bancorp (NASDAQ:BRKL), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Brookline Bancorp had 10 analyst reports since September 3, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, July 13 by Piper Jaffray. Keefe Bruyette & Woods maintained it with “Hold” rating and $15.5000 target in Tuesday, August 8 report. The firm earned “Hold” rating on Thursday, June 1 by Keefe Bruyette & Woods. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Neutral” rating given on Friday, November 18 by Compass Point. The company was upgraded on Thursday, October 22 by Compass Point. Sandler O’Neill upgraded the stock to “Buy” rating in Thursday, September 3 report. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Neutral” rating given on Wednesday, September 16 by Piper Jaffray. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Hold” rating given on Tuesday, June 7 by Sandler O’Neill. On Monday, August 21 the stock rating was upgraded by Sandler O’Neill to “Buy”. The firm has “Hold” rating by Piper Jaffray given on Thursday, September 21. See Brookline Bancorp, Inc. (NASDAQ:BRKL) latest ratings:

21/09/2017 Broker: Piper Jaffray Rating: Hold New Target: $15.0 Maintain
21/08/2017 Broker: Sandler O’Neill Rating: Buy New Target: $16.0 Upgrade
08/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $15.5000 Maintain
13/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $15.0000 Maintain
01/06/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $15.5000 Maintain

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.39, from 1 in 2017Q1. It increased, as 19 investors sold Brookline Bancorp, Inc. 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. Commonwealth Equity Services Incorporated owns 228,108 shares. Monarch Ptnrs Asset Management Llc holds 438,369 shares. Swiss Comml Bank owns 126,600 shares or 0% of their US portfolio. Mutual Of America Capital accumulated 503,354 shares. Highlander Capital Ltd accumulated 10,000 shares. Adage Capital Partners Grp Limited Company has 50,000 shares. 42,399 were reported by Price T Rowe Inc Md. Glenmede Communications Na stated it has 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Pinnacle Assoc stated it has 19,500 shares or 0.01% of all its holdings. Louisiana State Employees Retirement System invested in 31,200 shares or 0.02% of the stock. Grp Inc, a New York-based fund reported 56,422 shares. Endurance Wealth Management accumulated 27,917 shares. State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 15,045 shares. First Tru L P reported 179,012 shares stake. Savings Bank Of Ny Mellon stated it has 0.01% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL).

The stock decreased 0.31% or $0.05 during the last trading session, reaching $15.95. About shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 26.02% since October 13, 2016 and is uptrending. It has outperformed by 9.32% the S&P500.

Since June 5, 2017, it had 0 insider purchases, and 1 sale for $69,509 activity. The insider McCurdy Michael W. sold 4,895 shares worth $69,509.

Brookline Bancorp, Inc. operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. The company has market cap of $1.22 billion. 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. It has a 20.71 P/E ratio.

Since June 13, 2017, it had 1 buying transaction, and 0 selling transactions for $72,180 activity. Shares for $72,180 were bought by Brown Thomas Lynn.

Investors sentiment increased to 1.45 in Q2 2017. Its up 0.03, from 1.42 in 2017Q1. It increased, as 15 investors sold FMBI shares while 51 reduced holdings. 26 funds opened positions while 70 raised stakes. 82.13 million shares or 1.69% more from 80.76 million shares in 2017Q1 were reported. Guggenheim Cap Limited Company invested 0% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). California Employees Retirement, a California-based fund reported 206,000 shares. Cramer Rosenthal Mcglynn Ltd Liability has 0.86% invested in First Midwest Bancorp Inc (NASDAQ:FMBI) for 2.40 million shares. Skyline Asset Management LP holds 931,442 shares. Hbk Invests Limited Partnership reported 18,500 shares or 0% of all its holdings. Airain holds 0.03% or 25,204 shares in its portfolio. 39,850 are owned by Jacobs Levy Equity Mgmt. Arizona State Retirement reported 0.01% stake. Proshare Advsrs Lc invested in 0% or 13,459 shares. Walleye Trading Ltd Liability Corp, Minnesota-based fund reported 20,869 shares. Blair William & Il has 0.01% invested in First Midwest Bancorp Inc (NASDAQ:FMBI). State Street Corporation has invested 0.01% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Cipher Capital LP reported 0.15% stake. Bnp Paribas Arbitrage has invested 0% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). 95,800 were reported by South Dakota Invest Council.

Analysts await First Midwest Bancorp Inc (NASDAQ:FMBI) to report earnings on October, 17. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. FMBI’s profit will be $38.06 million for 15.76 P/E if the $0.37 EPS becomes a reality. After $0.35 actual EPS reported by First Midwest Bancorp Inc for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

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By1 Richard Conner




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