Brookline Bancorp Inc. (BRKL) COO James M. Cosman Sells 17,665 Shares
Brookline Bancorp Inc. (NASDAQ:BRKL) COO James M. Cosman sold 17,665 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $14.93, for a total value of $263,738.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Brookline Bancorp Inc. (NASDAQ:BRKL) opened at 14.90 on Tuesday. Brookline Bancorp Inc. has a 1-year low of $9.91 and a 1-year high of $15.80. The company has a 50-day moving average price of $13.09 and a 200 day moving average price of $11.88. The stock has a market cap of $1.05 billion, a P/E ratio of 19.97 and a beta of 0.86.
Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 19th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. Brookline Bancorp had a net margin of 20.13% and a return on equity of 7.60%. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities analysts expect that Brookline Bancorp Inc. will post $0.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Wednesday, November 2nd. Brookline Bancorp’s dividend payout ratio is 48.65%.
Institutional investors have recently made changes to their positions in the stock. Moody Aldrich Partners LLC increased its position in shares of Brookline Bancorp by 172.7% in the second quarter. Moody Aldrich Partners LLC now owns 232,522 shares of the company’s stock worth $2,565,000 after buying an additional 147,252 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Brookline Bancorp by 18.5% in the second quarter. Deprince Race & Zollo Inc. now owns 1,668,511 shares of the company’s stock worth $18,404,000 after buying an additional 260,056 shares in the last quarter. BlackRock Group LTD increased its position in shares of Brookline Bancorp by 5.9% in the first quarter. BlackRock Group LTD now owns 117,691 shares of the company’s stock worth $1,296,000 after buying an additional 6,589 shares in the last quarter. Swiss National Bank increased its position in shares of Brookline Bancorp by 2.3% in the second quarter. Swiss National Bank now owns 121,000 shares of the company’s stock worth $1,335,000 after buying an additional 2,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Brookline Bancorp by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,756,502 shares of the company’s stock worth $63,493,000 after buying an additional 337,931 shares in the last quarter. 74.51% of the stock is owned by institutional investors and hedge funds.
Separately, Compass Point downgraded Brookline Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $12.63.
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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