James M. Cosman Sells 12,500 Shares of Brookline Bancorp Inc. (BRKL) Stock
Brookline Bancorp Inc. (NASDAQ:BRKL) COO James M. Cosman sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $15.05, for a total value of $188,125.00. Following the completion of the transaction, the chief operating officer now directly owns 40,098 shares of the company’s stock, valued at $603,474.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
James M. Cosman also recently made the following trade(s):
- On Friday, November 18th, James M. Cosman sold 17,665 shares of Brookline Bancorp stock. The stock was sold at an average price of $14.93, for a total value of $263,738.45.
Shares of Brookline Bancorp Inc. (NASDAQ:BRKL) traded down 0.33% during midday trading on Wednesday, hitting $15.00. The stock had a trading volume of 328,315 shares. The company’s 50-day moving average price is $13.18 and its 200-day moving average price is $11.91. Brookline Bancorp Inc. has a 12-month low of $9.91 and a 12-month high of $15.80. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 20.11 and a beta of 0.86.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.18 earnings per share. Equities research analysts forecast that Brookline Bancorp Inc. will post $0.74 EPS for the current year.
The company also recently declared 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 yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 2nd. Brookline Bancorp’s payout ratio is currently 48.65%.
Separately, Compass Point cut Brookline Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, November 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Brookline Bancorp presently has a consensus rating of “Buy” and a consensus target price of $12.63.
A number of institutional investors have recently modified their holdings of BRKL. SG Americas Securities LLC purchased a new position in shares of Brookline Bancorp during the third quarter worth about $103,000. BTIM Corp. purchased a new position in shares of Brookline Bancorp during the second quarter worth about $110,000. Neuberger Berman Group LLC purchased a new position in shares of Brookline Bancorp during the third quarter worth about $126,000. Suntrust Banks Inc. raised 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 last quarter. Finally, Trust Co. of Vermont raised 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 last quarter. 74.51% of the stock is owned by hedge funds and other institutional investors.
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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