Press coverage about Brookline Bancorp (NASDAQ:BRKL) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookline Bancorp earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.3985479397164 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 price objective on shares of Brookline Bancorp in a research report on Tuesday, January 9th. BidaskClub downgraded Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th.
Brookline Bancorp (NASDAQ BRKL) opened at $16.50 on Tuesday. Brookline Bancorp has a 12-month low of $13.60 and a 12-month high of $17.05. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $1,264.85, a price-to-earnings ratio of 24.26 and a beta of 0.95.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. The business had revenue of $63.47 million for the quarter, compared to the consensus estimate of $61.22 million. During the same quarter in the prior year, the company earned $0.19 EPS. equities research analysts expect that Brookline Bancorp will post 1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders 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 2.18%. The ex-dividend date is Thursday, February 15th. Brookline Bancorp’s payout ratio is 52.94%.
In other news, Director John A. Hackett sold 5,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $16.25, for a total transaction of $81,250.00. Following the transaction, the director now owns 31,500 shares of the company’s stock, valued at approximately $511,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hollister sold 3,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $15.75, for a total value of $55,125.00. Following the transaction, the director now directly owns 28,500 shares in the company, valued at approximately $448,875. The disclosure for this sale can be found here. Insiders have sold a total of 49,500 shares of company stock worth $808,830 in the last three months. Corporate 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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