Brookline Bancorp, Inc. (NASDAQ: BRKL) director Charles H. Peck sold 822 company shares in a trade on Tuesday, December 7. The stock was sold for an average price of $ 15.38, for a total trade of $ 12,642.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BRKL stock traded up $ 0.01 on Thursday, reaching $ 16.27. 2,080 shares of the company were traded for an average volume of 306,045. Brookline Bancorp, Inc. has a one-year low at $ 11.74 and a one-year high at $ 17.14. The company has a market cap of $ 1.26 billion, a PE ratio of 11.21 and a beta of 0.74. The fifty-day moving average for the stock is $ 16.00. The company has a debt to equity ratio of 0.27, a quick ratio of 1.01, and a current ratio of 1.01.
Brookline Bancorp (NASDAQ: BRKL) last released its quarterly results on Tuesday, October 26. The bank announced EPS of $ 0.37 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.33 of $ 0.04. The company posted revenue of $ 76.28 million in the quarter, compared to a consensus estimate of $ 73.43 million. Brookline Bancorp had a net margin of 33.84% and a return on equity of 11.84%. In the same quarter of the previous year, the company achieved EPS of $ 0.24. On average, stock analysts expect Brookline Bancorp, Inc. to post EPS of 1.45 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 26. Investors registered on Friday, November 12 received a dividend of $ 0.125. This represents an annualized dividend of $ 0.50 and a dividend yield of 3.07%. The ex-dividend date was Wednesday, November 10. This is an increase from Brookline Bancorp’s previous quarterly dividend of $ 0.12. Brookline Bancorp’s dividend payout ratio is 34.48%.
A number of institutional investors have recently increased or reduced their holdings in BRKL. Parametric Portfolio Associates LLC increased its stake in Brookline Bancorp shares by 14.8% during the second quarter. Parametric Portfolio Associates LLC now owns 190,783 shares of the bank valued at $ 2,852,000 after purchasing an additional 24,645 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Brookline Bancorp by 22.0% in the second quarter. UBS Asset Management Americas Inc. now owns 73,641 shares of the bank valued at $ 1,101,000 after purchasing an additional 13,281 shares in the last quarter. State Street Corp increased its stake in Brookline Bancorp by 3.2% in the second quarter. State Street Corp now owns 3,338,185 shares of the bank valued at $ 49,906,000 after purchasing an additional 104,748 shares in the last quarter. Prudential Financial Inc. increased its stake in Brookline Bancorp by 19.6% in the second quarter. Prudential Financial Inc. now owns 106,077 shares of the bank valued at $ 1,586,000 after purchasing an additional 17,414 shares in the last quarter. Finally, the State of Alaska Department of Revenue increased its stake in Brookline Bancorp by 5.3% in the third quarter. The Alaska State Department of Revenue now owns 57,002 shares of the bank valued at $ 869,000 after purchasing an additional 2,853 shares in the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s shares.
Meanwhile, Zacks Investment Research downgraded Brookline Bancorp shares from a “buy” rating to a “hold” rating in a research note on Wednesday.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc. operates as a bank holding company. It operates in the following segments: commercial real estate loans, commercial loans and leases, and consumer loans. The commercial real estate lending segment includes commercial real estate mortgages, multi-family mortgages and construction loans.
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