KBW Maintains Market Perform on Brookline Bancorp

KBW is out with its report today on Brookline Bancorp BRKL, maintaining Market Perform. In a note to clients, KBW writes, "Operating results for BRKL were in-line with expectations as the bank reported earnings of $0.13/sh. While there were some moving parts in relationship to our model, the major variances included better revenue; both spread and fee income, which was offset by higher expenses and a higher tax rate. Given the relatively in-line quarter, we are keeping our forward estimates, price target and rating unchanged." Shares of BRKL closed Thursday at $9.10.