David C. Chapin Sells 5,000 Shares of Brookline Bancorp, Inc. (BRKL) Stock
Brookline Bancorp, Inc. (NASDAQ:BRKL) Director David C. Chapin sold 5,000 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Brookline Bancorp, Inc. (BRKL) traded up $0.10 during midday trading on Monday, reaching $14.60. 174,800 shares of the company traded hands, compared to its average volume of 395,425. The firm has a market cap of $1,119.13, a P/E ratio of 18.72 and a beta of 0.96. 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, Inc. has a 1-year low of $13.60 and a 1-year high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $62.82 million for the quarter, compared to the consensus estimate of $60.37 million. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. During the same quarter in the prior year, the company earned $0.19 EPS. research analysts predict that Brookline Bancorp, Inc. will post 0.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 2.47%. Brookline Bancorp’s dividend payout ratio (DPR) is 46.15%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC lifted its position in Brookline Bancorp by 33.7% during the 2nd quarter. Aperio Group LLC now owns 28,585 shares of the bank’s stock valued at $417,000 after purchasing an additional 7,198 shares during the period. Eagle Asset Management Inc. acquired a new position in Brookline Bancorp during the 2nd quarter valued at about $7,070,000. BlackRock Inc. lifted its position in Brookline Bancorp by 6.5% during the 2nd quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock valued at $135,794,000 after purchasing an additional 564,134 shares during the period. Stifel Financial Corp lifted its position in Brookline Bancorp by 34.5% during the 2nd quarter. Stifel Financial Corp now owns 45,583 shares of the bank’s stock valued at $666,000 after purchasing an additional 11,700 shares during the period. Finally, Jennison Associates LLC lifted its position in Brookline Bancorp by 1,864.0% during the 2nd quarter. Jennison Associates LLC now owns 902,960 shares of the bank’s stock valued at $13,183,000 after purchasing an additional 856,984 shares during the period. Institutional investors and hedge funds own 76.53% of the company’s stock.
Several research analysts recently issued reports on the stock. Sandler O’Neill downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. BidaskClub upgraded 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 issued a buy rating to the stock. Brookline Bancorp currently has a consensus rating of “Hold” and a consensus price target of $15.83.
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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