John L. Hall II Acquires 20,000 Shares of Brookline Bancorp, Inc. (BRKL) Stock
Brookline Bancorp, Inc. (NASDAQ:BRKL) Director John L. Hall II acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $15.48 per share, for a total transaction of $309,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Brookline Bancorp, Inc. (BRKL) traded up $0.65 during trading hours on Friday, hitting $15.90. The company had a trading volume of 1,170,296 shares, compared to its average volume of 387,248. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.16 and a current ratio of 1.16. Brookline Bancorp, Inc. has a 12 month low of $13.60 and a 12 month high of $17.45. The company has a market cap of $1,184.28, a price-to-earnings ratio of 19.81 and a beta of 0.97.
Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $60.37 million. During the same period in the previous year, the company posted $0.19 EPS. sell-side analysts predict that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. BidaskClub lowered Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Sandler O’Neill lowered Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.83.
Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in Brookline Bancorp by 33.7% in the 2nd quarter. Aperio Group LLC now owns 28,585 shares of the bank’s stock worth $417,000 after acquiring an additional 7,198 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Brookline Bancorp in the 2nd quarter worth about $7,070,000. BlackRock Inc. increased its stake in Brookline Bancorp by 6.5% in the 2nd quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock worth $135,794,000 after acquiring an additional 564,134 shares during the last quarter. Stifel Financial Corp increased its stake in Brookline Bancorp by 34.5% in the 2nd quarter. Stifel Financial Corp now owns 45,583 shares of the bank’s stock worth $666,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Brookline Bancorp in the 2nd quarter worth about $312,000. Institutional investors own 77.67% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “John L. Hall II Acquires 20,000 Shares of Brookline Bancorp, Inc. (BRKL) Stock” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.watchlistnews.com/john-l-hall-ii-acquires-20000-shares-of-brookline-bancorp-inc-brkl-stock/1766858.html.
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.
Receive News & Ratings for Brookline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.