News articles about Brookline Bancorp (NASDAQ:BRKL) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookline Bancorp earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.8185277666104 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Brookline Bancorp (NASDAQ BRKL) opened at $16.25 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1,250.00, a P/E ratio of 20.83 and a beta of 0.97. Brookline Bancorp has a 1 year low of $13.60 and a 1 year high of $17.45.
Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $62.82 million for the quarter, compared to analyst estimates 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 posted $0.19 earnings per share. research analysts predict that Brookline Bancorp will post 0.8 EPS for the current year.
Several equities analysts have commented on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $16.50 price target on shares of Brookline Bancorp in a research note on Tuesday, January 9th. BidaskClub lowered shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.33.
In other news, CEO Paul A. Perrault sold 103,255 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $14.69, for a total transaction of $1,516,815.95. Following the transaction, the chief executive officer now directly owns 421,122 shares in the company, valued at $6,186,282.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hollister sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $15.75, for a total transaction of $55,125.00. Following the transaction, the director now owns 28,500 shares in the company, valued at $448,875. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,255 shares of company stock worth $2,138,396. Insiders own 2.85% 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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