Somewhat Favorable News Coverage Somewhat Unlikely to Affect Brookline Bancorp (BRKL) Stock Price

News coverage about Brookline Bancorp (NASDAQ:BRKL) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookline Bancorp earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the bank an impact score of 44.19401476374 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Brookline Bancorp (NASDAQ BRKL) traded down $0.10 during trading on Friday, reaching $16.25. 215,868 shares of the company were exchanged, compared to its average volume of 310,058. 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 has a 12 month low of $13.60 and a 12 month high of $17.45. The company has a market capitalization of $1,250.00, a P/E ratio of 20.83 and a beta of 0.97.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share 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 period last year, the firm earned $0.19 earnings per share. equities research analysts predict that Brookline Bancorp will post 0.8 earnings per share for the current fiscal year.

BRKL has been the topic of several research analyst reports. BidaskClub cut shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Piper Jaffray Companies restated a “hold” rating and issued a $16.50 price objective on shares of Brookline Bancorp in a report on Tuesday. Finally, Sandler O’Neill cut shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.33.

In related news, Director Charles H. Peck sold 16,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $16.38, for a total transaction of $262,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul A. Perrault sold 103,255 shares of Brookline Bancorp stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $14.69, for a total transaction of $1,516,815.95. Following the completion of the transaction, the chief executive officer now directly owns 421,122 shares of the company’s stock, valued at $6,186,282.18. The disclosure for this sale can be found here. Insiders have sold 142,255 shares of company stock valued at $2,138,396 over the last ninety days. 2.85% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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