Brookline Bancorp, Inc. (NASDAQ:BRKL) CEO Paul A. Perrault sold 103,255 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $14.69, for a total value of $1,516,815.95. Following the transaction, the chief executive officer now directly owns 421,122 shares of the company’s stock, valued at approximately $6,186,282.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Brookline Bancorp, Inc. (BRKL) opened at $14.90 on Tuesday. The company has a market capitalization of $1,119.13, a price-to-earnings ratio of 18.72 and a beta of 0.96. Brookline Bancorp, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.21.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.20. The business had revenue of $62.82 million during the quarter, compared to analyst estimates of $60.37 million. Brookline Bancorp had a return on equity of 7.52% and a net margin of 19.82%. During the same quarter last year, the company earned $0.19 EPS. sell-side analysts expect that Brookline Bancorp, Inc. will post 0.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, November 2nd. Brookline Bancorp’s payout ratio is 46.15%.
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Institutional investors have recently bought and sold shares of the business. Amalgamated Bank bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth $150,000. Alpine Woods Capital Investors LLC increased its holdings in shares of Brookline Bancorp by 20.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 12,000 shares of the bank’s stock worth $175,000 after purchasing an additional 2,000 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Brookline Bancorp in the 2nd quarter worth $176,000. Victory Capital Management Inc. increased its holdings in shares of Brookline Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,137 shares of the bank’s stock worth $177,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Brookline Bancorp in the 3rd quarter worth $197,000. 76.53% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. BidaskClub raised Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Sandler O’Neill raised Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, August 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.83.
Brookline Bancorp Company Profile
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.
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