News coverage about Brookline Bancorp (NASDAQ:BRKL) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookline Bancorp earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.2784184144028 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts recently commented on BRKL shares. Piper Jaffray reiterated a “hold” rating and set a $16.50 price target on shares of Brookline Bancorp in a research report on Tuesday, January 9th. BidaskClub cut Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Finally, ValuEngine upgraded Brookline Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.33.
Shares of NASDAQ:BRKL opened at $16.15 on Monday. 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 firm has a market capitalization of $1,297.07, a price-to-earnings ratio of 20.19 and a beta of 0.90. Brookline Bancorp has a 52-week low of $13.60 and a 52-week high of $17.20.
Brookline Bancorp (NASDAQ:BRKL) last issued its earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $61.22 million. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. During the same period in the prior year, the business earned $0.19 EPS. equities analysts expect that Brookline Bancorp will post 1.05 earnings per share for the current fiscal year.
In other news, Director John A. Hackett sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $16.25, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO James M. Cosman sold 12,500 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $16.76, for a total value of $209,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,500 shares of company stock valued at $784,850. 2.51% of the stock is owned by company insiders.
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Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.
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