Press coverage about Brookline Bancorp (NASDAQ:BRKL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookline Bancorp earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.2570032341997 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
BRKL has been the topic of several recent 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 downgraded shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $16.50 price target on shares of Brookline Bancorp in a research note on Tuesday, January 9th.
Brookline Bancorp (NASDAQ BRKL) remained flat at $$16.80 during trading on Friday. The stock had a trading volume of 424,173 shares, compared to its average volume of 308,294. Brookline Bancorp has a 52-week low of $13.60 and a 52-week high of $17.05. The stock has a market capitalization of $1,226.44 and a price-to-earnings ratio of 24.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.21.
Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.67%. The firm had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $61.22 million. During the same period last year, the business earned $0.19 earnings per share. sell-side analysts anticipate that Brookline Bancorp will post 0.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, February 15th. Brookline Bancorp’s dividend payout ratio is presently 52.94%.
In other Brookline Bancorp news, CEO Paul A. Perrault sold 103,255 shares of Brookline Bancorp stock in a transaction dated 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 completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Charles H. Peck sold 16,000 shares of Brookline Bancorp stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $16.38, for a total transaction of $262,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,255 shares of company stock valued at $2,138,396. Company insiders own 2.85% 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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