News stories about Brookline Bancorp (NASDAQ:BRKL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookline Bancorp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.3391094718782 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have recently commented on BRKL shares. BidaskClub downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. ValuEngine upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, May 16th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.17.
NASDAQ:BRKL opened at $18.95 on Friday. Brookline Bancorp has a 12 month low of $13.60 and a 12 month high of $19.30. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $1.52 billion, a PE ratio of 23.69 and a beta of 0.94.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, April 25th. The bank reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. Brookline Bancorp had a net margin of 18.90% and a return on equity of 7.99%. The business had revenue of $65.66 million during the quarter. equities analysts predict that Brookline Bancorp will post 1.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, May 10th. This is a boost from Brookline Bancorp’s previous quarterly dividend of $0.09. Brookline Bancorp’s dividend payout ratio (DPR) is 50.00%.
In related news, General Counsel Michael W. Mccurdy sold 5,188 shares of the firm’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $17.45, for a total transaction of $90,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.51% of the company’s stock.
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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