Brookline Bancorp, Inc. (NASDAQ:BRKL) General Counsel Michael W. Mccurdy sold 3,000 shares of Brookline Bancorp, Inc. stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $17.90, for a total transaction of $53,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BRKL stock opened at $17.35 on Friday. Brookline Bancorp, Inc. has a 12 month low of $13.80 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $1.41 billion, a P/E ratio of 21.69 and a beta of 0.78.
Brookline Bancorp, Inc. (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Brookline Bancorp, Inc. had a net margin of 19.97% and a return on equity of 8.53%. The firm had revenue of $68.24 million during the quarter, compared to analysts’ expectations of $69.40 million. research analysts expect that Brookline Bancorp, Inc. will post 1.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors 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 dividend on an annualized basis and a dividend yield of 2.31%. Brookline Bancorp, Inc.’s dividend payout ratio is presently 50.00%.
A number of equities analysts recently commented on BRKL shares. BidaskClub raised shares of Brookline Bancorp, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 6th. Zacks Investment Research cut shares of Brookline Bancorp, Inc. from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price target on shares of Brookline Bancorp, Inc. in a research note on Wednesday, August 8th. Finally, ValuEngine raised shares of Brookline Bancorp, Inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock 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 purchased a new stake in Brookline Bancorp, Inc. in the 2nd quarter valued at about $143,000. Winton Group, Ltd. purchased a new stake in Brookline Bancorp, Inc. in the 1st quarter valued at about $181,000. Eaton Vance Management purchased a new stake in Brookline Bancorp in the 1st quarter valued at about $185,000. GSA Capital Partners, LLP purchased a new stake in Brookline Bancorp in the 2nd quarter valued at about $214,000. Finally, Winthrop Advisory Group, LLC purchased a new stake in Brookline Bancorp, Inc. in the 2nd quarter valued at about $265,000. 76.28% of the stock is owned by 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.