Brookline Bancorp Inc. (BRKL) Stock Rating Reaffirmed by Compass Point
Brookline Bancorp Inc. (NASDAQ:BRKL)‘s stock had its “neutral” rating reiterated by analysts at Compass Point in a research report issued on Friday.
Brookline Bancorp (NASDAQ:BRKL) traded up 0.169% during trading on Friday, hitting $14.825. The stock had a trading volume of 52,503 shares. Brookline Bancorp has a 52 week low of $9.91 and a 52 week high of $15.80. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 19.873 and a beta of 0.86. The company has a 50-day moving average of $12.94 and a 200 day moving average of $11.82.
Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Brookline Bancorp had a return on equity of 7.60% and a net margin of 20.13%. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that Brookline Bancorp will post $0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, November 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $0.36 annualized dividend and a yield of 2.43%. Brookline Bancorp’s dividend payout ratio is presently 48.65%.
In other Brookline Bancorp news, General Counsel Michael W. Mccurdy sold 9,200 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $11.80, for a total value of $108,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.82% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Brookline Bancorp during the third quarter valued at approximately $103,000. BTIM Corp. bought a new position in shares of Brookline Bancorp during the second quarter worth about $110,000. Neuberger Berman Group LLC bought a new position in shares of Brookline Bancorp during the third quarter worth about $126,000. Suntrust Banks Inc. increased its position in shares of Brookline Bancorp by 5.8% in the second quarter. Suntrust Banks Inc. now owns 11,368 shares of the company’s stock worth $125,000 after buying an additional 622 shares during the period. Finally, Trust Co. of Vermont increased its position in shares of Brookline Bancorp by 107.9% in the third quarter. Trust Co. of Vermont now owns 13,100 shares of the company’s stock worth $160,000 after buying an additional 6,800 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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