Brookline Bancorp, Inc. (NASDAQ:BRKL) Director David C. Chapin sold 5,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $18.01, for a total transaction of $90,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed here.
Brookline Bancorp stock traded down $0.10 during trading hours on Friday, hitting $17.70. 624,100 shares of the company traded hands, compared to its average volume of 316,151. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 22.06 and a beta of 0.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. Brookline Bancorp, Inc. has a 1-year low of $14.45 and a 1-year high of $19.35.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last released its earnings results on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $68.24 million for the quarter, compared to analysts’ expectations of $69.40 million. Brookline Bancorp, Inc. had a net margin of 19.97% and a return on equity of 8.53%. research analysts expect that Brookline Bancorp, Inc. will post 1.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, August 9th. This represents a $0.40 annualized dividend and a yield of 2.26%. Brookline Bancorp, Inc.’s payout ratio is 50.00%.
A number of analysts recently weighed in on the stock. BidaskClub cut shares of Brookline Bancorp, Inc. from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Zacks Investment Research raised shares of Brookline Bancorp, Inc. from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. ValuEngine cut shares of Brookline Bancorp, Inc. from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Brookline Bancorp, Inc. in a report on Friday, July 13th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.67.
Institutional investors have recently added to or reduced their stakes in the business. Bay Colony Advisory Group, Inc. d b a Bay Colony Advisors acquired a new position in Brookline Bancorp, Inc. during the 2nd quarter valued at about $143,000. Winton Group. Ltd. acquired a new position in shares of Brookline Bancorp, Inc. in the 1st quarter worth approximately $181,000. Eaton Vance Management acquired a new position in shares of Brookline Bancorp, Inc. in the 1st quarter worth approximately $185,000. GSA Capital Partners, LLP acquired a new position in shares of Brookline Bancorp, Inc. in the 2nd quarter worth approximately $214,000. Finally, Winthrop Advisory Group, LLC acquired a new position in shares of Brookline Bancorp, Inc. in the 2nd quarter worth approximately $265,000. 75.80% of the stock is currently owned by hedge funds and other institutional investors.
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.