Brookline Bancorp, Inc. (NASDAQ:BRKL) insider M Robert Rose sold 12,500 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $16.07, for a total transaction of $200,875.00. Following the transaction, the insider now owns 35,277 shares in the company, valued at $566,901.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) traded down $0.15 during mid-day trading on Friday, reaching $15.55. 150,606 shares of the company’s stock were exchanged, compared to its average volume of 288,015. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $1,190.00, a P/E ratio of 20.13 and a beta of 0.97. Brookline Bancorp, Inc. has a twelve month low of $13.60 and a twelve month high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, hitting the Zacks’ 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 period in the prior year, the firm earned $0.19 EPS. analysts expect that Brookline Bancorp, Inc. will post 0.8 earnings per share for the current fiscal year.
BRKL has been the topic of several analyst reports. Sandler O’Neill downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub upgraded shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.83.
A number of hedge funds have recently modified their holdings of the business. California Public Employees Retirement System grew its stake in Brookline Bancorp by 1.2% in the 3rd quarter. California Public Employees Retirement System now owns 354,797 shares of the bank’s stock worth $5,499,000 after acquiring an additional 4,111 shares in the last quarter. Engineers Gate Manager LP grew its stake in Brookline Bancorp by 112.8% in the 3rd quarter. Engineers Gate Manager LP now owns 33,200 shares of the bank’s stock worth $515,000 after acquiring an additional 17,600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Brookline Bancorp by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,316,348 shares of the bank’s stock worth $97,903,000 after acquiring an additional 107,716 shares in the last quarter. Moody Aldrich Partners LLC grew its stake in Brookline Bancorp by 15.3% in the 3rd quarter. Moody Aldrich Partners LLC now owns 110,909 shares of the bank’s stock worth $1,719,000 after acquiring an additional 14,754 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Brookline Bancorp by 11.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 365,963 shares of the bank’s stock worth $5,673,000 after acquiring an additional 38,745 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.
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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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