Brookline Bancorp Inc. (NASDAQ:BRKL) Director David C. Chapin sold 21,402 shares of Brookline Bancorp stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $14.89, for a total value of $318,675.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Brookline Bancorp Inc. (NASDAQ:BRKL) opened at 15.00 on Thursday. The firm has a market cap of $1.06 billion, a P/E ratio of 20.11 and a beta of 0.86. The company has a 50-day moving average of $13.25 and a 200 day moving average of $11.93. Brookline Bancorp Inc. has a 52 week low of $9.91 and a 52 week high of $15.80.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.19 EPS for the quarter, topping the Zacks’ 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 analysts predict that Brookline Bancorp Inc. will post $0.74 earnings per share for the current year.

Insider Buying and Selling by Quarter for Brookline Bancorp (NASDAQ:BRKL)

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 2.40%. Brookline Bancorp’s payout ratio is currently 48.65%.

Separately, Compass Point downgraded Brookline Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Brookline Bancorp currently has a consensus rating of “Buy” and a consensus target price of $12.63.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Whalerock Point Partners LLC bought a new position in shares of Brookline Bancorp during the third quarter worth approximately $4,761,000. Moors & Cabot Inc. increased its position in shares of Brookline Bancorp by 0.8% in the third quarter. Moors & Cabot Inc. now owns 78,872 shares of the company’s stock worth $956,000 after buying an additional 625 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Brookline Bancorp during the third quarter worth approximately $4,381,000. Hartford Investment Management Co. increased its position in shares of Brookline Bancorp by 5.7% in the third quarter. Hartford Investment Management Co. now owns 14,800 shares of the company’s stock worth $180,000 after buying an additional 800 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Brookline Bancorp during the third quarter worth approximately $171,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.

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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.

5 Day Chart for NASDAQ:BRKL

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