BidaskClub lowered shares of Brookline Bancorp (NASDAQ:BRKL) from a hold rating to a sell rating in a report issued on Thursday.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $18.50 price target on shares of Brookline Bancorp in a research report on Wednesday. ValuEngine lowered shares of Brookline Bancorp from a buy rating to a hold rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Brookline Bancorp from a hold rating to a sell rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.00.

Brookline Bancorp traded down $0.05, hitting $17.90, on Thursday, Marketbeat Ratings reports. 274,106 shares of the company were exchanged, compared to its average volume of 260,316. Brookline Bancorp has a twelve month low of $13.60 and a twelve month high of $19.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.38 and a beta of 0.85.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Brookline Bancorp 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 analyst estimates of $69.40 million. equities analysts forecast that Brookline Bancorp will post 1.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.40 annualized dividend and a yield of 2.23%. Brookline Bancorp’s dividend payout ratio is currently 50.00%.

In other Brookline Bancorp news, General Counsel Michael W. Mccurdy sold 5,188 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $17.45, for a total transaction of $90,530.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider M Robert Rose sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $18.35, for a total transaction of $82,575.00. The disclosure for this sale can be found here. 2.51% of the stock is owned by insiders.

Institutional investors and hedge funds 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 during the second quarter worth approximately $143,000. WINTON GROUP Ltd purchased a new stake in Brookline Bancorp during the first quarter worth approximately $181,000. Eaton Vance Management purchased a new stake in Brookline Bancorp during the first quarter worth approximately $185,000. GSA Capital Partners LLP purchased a new stake in Brookline Bancorp during the second quarter worth approximately $214,000. Finally, Winthrop Advisory Group LLC purchased a new stake in Brookline Bancorp during the second quarter worth approximately $265,000. Institutional investors own 75.17% of the company’s stock.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.

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