Press coverage about Brookline Bancorp (NASDAQ:BRKL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookline Bancorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the bank an impact score of 43.5403588553673 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Thomas J. Hollister Sells 3,500 Shares of Brookline Bancorp, Inc. (BRKL) Stock (americanbankingnews.com)
- Brookline Bancorp, Inc. (BRKL) Insider Sells $200,875.00 in Stock (americanbankingnews.com)
- Comparing J P Morgan Chase & Co (JPM) & Brookline Bancorp (BRKL) (americanbankingnews.com)
- Brookline Bancorp, Inc. (BRKL) Director Charles H. Peck Sells 16,000 Shares (americanbankingnews.com)
- Brookline Bank Names David N. Paikin to Build C&I Banking Team North of Boston (bizjournals.com)
Brookline Bancorp (NASDAQ BRKL) opened at $15.70 on Thursday. Brookline Bancorp has a 1-year low of $13.60 and a 1-year high of $17.45. The company has a market cap of $1,218.77, a price-to-earnings ratio of 20.39 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21.
Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. The business had revenue of $62.82 million during the quarter, compared to analysts’ expectations of $60.37 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. analysts forecast that Brookline Bancorp will post 0.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, November 2nd. Brookline Bancorp’s payout ratio is 46.15%.
BRKL has been the subject of several research reports. Sandler O’Neill raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, August 21st. They noted that the move was a valuation call. BidaskClub raised shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.83.
In related news, Director David C. Chapin sold 5,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $14.70, for a total transaction of $73,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul A. Perrault sold 103,255 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $14.69, for a total transaction of $1,516,815.95. Following the transaction, the chief executive officer now owns 421,122 shares of the company’s stock, valued at approximately $6,186,282.18. The disclosure for this sale can be found here. Insiders have sold 142,255 shares of company stock valued at $2,138,396 in the last 90 days. 2.85% of the stock is currently owned by corporate insiders.
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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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