Brookline Bancorp, Inc. (NASDAQ:BRKL) insider James M. Cosman sold 2,750 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $18.01, for a total transaction of $49,527.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available here.
Brookline Bancorp, Inc. stock opened at $18.00 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.35 and a beta of 0.78. Brookline Bancorp, Inc. has a twelve month low of $13.65 and a twelve month high of $19.35.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $68.24 million during the quarter, compared to the consensus estimate of $69.40 million. Brookline Bancorp, Inc. had a net margin of 19.97% and a return on equity of 8.53%. equities analysts anticipate that Brookline Bancorp, Inc. will post 1.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 9th. Brookline Bancorp, Inc.’s dividend payout ratio is presently 50.00%.
BRKL has been the subject of several research reports. BidaskClub lowered shares of Brookline Bancorp, Inc. from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Zacks Investment Research upgraded shares of Brookline Bancorp, Inc. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, May 16th. ValuEngine upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of Brookline Bancorp, Inc. in a research report on Friday, July 13th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.67.
Institutional investors have recently bought and sold shares of the business. Bay Colony Advisory Group, Inc. d b a Bay Colony Advisors bought a new stake in Brookline Bancorp, Inc. in the second quarter worth $143,000. WINTON GROUP, Ltd. bought a new stake in Brookline Bancorp, Inc. in the first quarter worth $181,000. Eaton Vance Management bought a new stake in Brookline Bancorp, Inc. in the first quarter worth $185,000. GSA Capital Partners, LLP bought a new stake in Brookline Bancorp, Inc. in the second quarter worth $214,000. Finally, Winthrop Advisory Group, LLC bought a new position in shares of Brookline Bancorp, Inc. during the second quarter valued at about $265,000. 76.28% of the stock is owned by institutional investors and hedge funds.
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.