Brookline Bancorp, Inc. (NASDAQ:BRKL) Director Charles H. Peck sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total value of $164,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Brookline Bancorp, Inc. (BRKL) traded down $0.45 on Thursday, hitting $15.85. The stock had a trading volume of 353,700 shares, compared to its average volume of 339,081. The company has a market cap of $1,249.52, a P/E ratio of 20.38 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. Brookline Bancorp, Inc. has a 12-month low of $13.60 and a 12-month high of $17.05.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $63.47 million during the quarter, compared to the consensus estimate of $61.22 million. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. During the same quarter last year, the company posted $0.19 EPS. equities research analysts expect that Brookline Bancorp, Inc. will post 1.05 EPS for the current year.
Several brokerages have commented on BRKL. Piper Jaffray Companies restated a “hold” rating and issued a $16.50 target price on shares of Brookline Bancorp in a research note on Tuesday, January 9th. BidaskClub downgraded Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th.
Institutional investors and hedge funds have recently modified their holdings of the company. Ellington Management Group LLC bought a new stake in shares of Brookline Bancorp during the 4th quarter valued at about $185,000. Sei Investments Co. purchased a new position in shares of Brookline Bancorp during the 3rd quarter valued at about $197,000. Xact Kapitalforvaltning AB purchased a new position in shares of Brookline Bancorp during the 4th quarter valued at about $232,000. New England Research & Management Inc. purchased a new position in shares of Brookline Bancorp during the 4th quarter valued at about $254,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Brookline Bancorp during the 3rd quarter valued at about $252,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.
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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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