Piper Sandler raises Brookline Bancorp PT on PCSB merger deal close

Brookline Bancorp

10/01/2023 12:52

** Piper Sandler raises PT on regional lender Brookline
Bancorp Inc  BRKL.O  to $15.50 from $14.50; maintains
'overweight' rating 
    ** Brokerage revises PT following BRKL's closing of its
acquisition of PCSB Financial Corp 
    ** The deal brings co $1.9 bln in assets 
        ** Brokerage says the deal creates an additional metro
franchise for the desirable metropolitan NYC market 
    ** Says PCSB has a simple business model which made the
integration easier 
    ** YTD, stock is down ~2%, as of last close  
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))