Brookline Bancorp, Inc. (NASDAQ:BRKL) CEO Paul A. Perrault sold 103,255 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 421,122 shares in the company, valued at approximately $6,186,282.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) opened at $14.95 on Wednesday. Brookline Bancorp, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.45. The stock has a market capitalization of $1,142.12, a PE ratio of 19.10 and a beta of 0.96. 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 announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Brookline Bancorp had a return on equity of 7.52% and a net margin of 19.82%. The company had revenue of $62.82 million during the quarter, compared to the consensus estimate of $60.37 million. During the same period in the prior year, the company earned $0.19 earnings per share. sell-side analysts predict that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date is Thursday, November 2nd. This represents a $0.36 annualized dividend and a dividend yield of 2.41%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 46.15%.
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Several equities analysts have weighed in on the company. Sandler O’Neill lowered Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. BidaskClub upgraded Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Brookline Bancorp currently has an average rating of “Hold” and a consensus price target of $15.83.
Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Brookline Bancorp by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 23,832 shares of the bank’s stock worth $346,000 after buying an additional 451 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Brookline Bancorp by 5.4% during the second quarter. Eqis Capital Management Inc. now owns 14,321 shares of the bank’s stock worth $209,000 after buying an additional 738 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of Brookline Bancorp by 0.8% during the second quarter. Nationwide Fund Advisors now owns 116,690 shares of the bank’s stock worth $1,704,000 after buying an additional 875 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Brookline Bancorp by 1.0% during the first quarter. Legal & General Group Plc now owns 117,392 shares of the bank’s stock worth $1,836,000 after buying an additional 1,132 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Brookline Bancorp by 2.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 47,715 shares of the bank’s stock worth $747,000 after buying an additional 1,133 shares in the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.
About Brookline Bancorp
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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