Home News Business Brookline Bancorp, Inc. (BRKL) Reaches $15.45 After 3% Up Move, Transocean (RIG)...

Brookline Bancorp, Inc. (BRKL) Reaches $15.45 After 3% Up Move, Transocean (RIG) Sentiment Is 0.95

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The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) is a huge mover today! About 84,592 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 29.50% since August 23, 2016 and is uptrending. It has outperformed by 21.54% the S&P500.The move comes after 6 months positive chart setup for the $1.09B company. It was reported on Mar, 30 by Barchart.com. We have $15.91 PT which if reached, will make NASDAQ:BRKL worth $32.70 million more.

Transocean, Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has market cap of $4.96 billion. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill gas and oil wells. It has a 6 P/E ratio. The Firm operates through the contract drilling services segment.

About 2.55M shares traded. Transocean, Ltd. (NYSE:RIG) has risen 20.98% since August 23, 2016 and is uptrending. It has outperformed by 13.01% the S&P500.

Ratings analysis reveals 34% of Transocean, Ltd.’s analysts are positive. Out of 29 Wall Street analysts rating Transocean, Ltd., 10 give it “Buy”, 7 “Sell” rating, while 12 recommend “Hold”. The lowest target is $2 while the high is $21. The stock’s average target of $12.75 is 1.84% above today’s ($12.52) share price. RIG was included in 61 notes of analysts from August 7, 2015. The stock of Transocean, Ltd. (NYSE:RIG) has “Outperform” rating given on Friday, February 3 by Credit Suisse. Cowen & Co. maintained Transocean, Ltd. (NYSE:RIG) rating on Tuesday, August 18. Cowen & Co has “Market Perform” rating and $12 target. The stock of Transocean LTD (NYSE:RIG) earned “Underperform” rating by Credit Suisse on Thursday, February 25. The company was upgraded on Monday, September 28 by Deutsche Bank. The firm earned “Buy” rating on Thursday, February 9 by R. F. Lafferty. The company was maintained on Monday, March 28 by Barclays Capital. The firm has “Hold” rating by S&P Research given on Friday, August 7. Citigroup maintained Transocean, Ltd. (NYSE:RIG) on Monday, May 16 with “Sell” rating. The rating was upgraded by Piper Jaffray to “Neutral” on Wednesday, January 25. The rating was initiated by Sidoti with “Buy” on Friday, January 15.

Analysts await Transocean, Ltd. (NYSE:RIG) to report earnings on May, 3. They expect $-0.07 EPS, down 110.14% or $0.76 from last year’s $0.69 per share. After $0.63 actual EPS reported by Transocean, Ltd. for the previous quarter, Wall Street now forecasts -111.11% negative EPS growth.

Contrarius Investment Management, Ltd. holds 6.8% of its portfolio in Transocean, Ltd. for 6.16 million shares. Athena Global Investors, LLC owns 76,151 shares or 2.73% of their US portfolio. Moreover, Mount Lucas Management, LP has 2.37% invested in the company for 847,432 shares. The Illinois-based Fairpointe Capital, LLC has invested 1.22% in the stock. Duquesne Family Office, LLC, a New York-based fund reported 701,700 shares.

Among 3 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Brookline Bancorp, Inc. had 5 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, September 3. The firm has “Hold” rating given on Tuesday, June 7 by Sandler O’Neill. The stock has “Buy” rating by Compass Point on Thursday, October 22. The firm has “Neutral” rating given on Wednesday, September 16 by Piper Jaffray. As per Friday, November 18, the company rating was downgraded by Compass Point.

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 and its subsidiaries, and Brookline Securities Corp. The company has market cap of $1.09 billion. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. It has a 20.79 P/E ratio.

Since November 14, 2016, it had 0 insider purchases, and 6 insider sales for $1.10 million activity. 10,000 Brookline Bancorp, Inc. (NASDAQ:BRKL) shares with value of $151,500 were sold by SLOTNIK JOSEPH J. Shares for $318,676 were sold by CHAPIN DAVID C on Tuesday, November 22. $22,455 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by HACKETT JOHN A. Another trade for 12,500 shares valued at $188,125 was made by Cosman James M on Wednesday, November 23. ROSE M ROBERT also sold $157,033 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) on Friday, November 18.

About Brookline Bancorp

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services.