Brookline Bancorp, Inc. (NASDAQ:BRKL) Director Charles H. Peck sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total value of $164,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Brookline Bancorp, Inc. (BRKL) traded up $0.10 during mid-day trading on Thursday, hitting $16.90. The stock had a trading volume of 318,449 shares, compared to its average volume of 352,068. Brookline Bancorp, Inc. has a 52 week low of $13.60 and a 52 week high of $17.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1,298.38, a price-to-earnings ratio of 24.71 and a beta of 0.91.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. Brookline Bancorp, Inc. had a return on equity of 7.58% and a net margin of 17.11%. The company had revenue of $63.47 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter last year, the company earned $0.19 earnings per share. research analysts expect that Brookline Bancorp, Inc. will post 1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a $0.09 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%. Brookline Bancorp, Inc.’s dividend payout ratio is presently 52.94%.
BRKL has been the topic of several recent research reports. BidaskClub lowered Brookline Bancorp, Inc. from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Piper Jaffray Companies reiterated a “hold” rating and issued a $16.50 price target on shares of Brookline Bancorp, Inc. in a report on Tuesday, January 9th.
Finally, ValuEngine upgraded Brookline Bancorp, Inc. from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.33.
Institutional investors have recently modified their holdings of the stock. Ellington Management Group, LLC bought a new stake in Brookline Bancorp, Inc. during the fourth quarter worth $185,000. Sei Investments Co. bought a new stake in Brookline Bancorp, Inc. during the third quarter worth $197,000. Xact Kapitalforvaltning AB bought a new stake in Brookline Bancorp, Inc. during the fourth quarter worth $232,000. New England Research & Management Inc. bought a new stake in Brookline Bancorp, Inc. during the fourth quarter worth $254,000. Finally, Crossmark Global Holdings, Inc. bought a new stake in Brookline Bancorp, Inc. during the third quarter worth $252,000. Institutional investors and hedge funds own 78.56% of the company’s stock.
Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. 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.