Brookline Bancorp (BRKL) Receiving Somewhat Positive News Coverage, Accern Reports
News coverage about Brookline Bancorp (NASDAQ:BRKL) has trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookline Bancorp earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.2575040576747 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Brookline Bancorp (BRKL) traded up 0.63% during trading on Friday, hitting $15.85. 261,254 shares of the company traded hands. The company has a 50 day moving average price of $15.31 and a 200 day moving average price of $14.66. Brookline Bancorp has a 52 week low of $12.43 and a 52 week high of $17.45. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.58 and a beta of 0.99.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $62.82 million for the quarter, compared to the consensus estimate of $60.37 million. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. During the same quarter last year, the firm posted $0.19 EPS. On average, analysts expect that Brookline Bancorp will post $0.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, November 2nd. Brookline Bancorp’s dividend payout ratio (DPR) is 46.15%.
Several equities analysts recently issued reports on the stock. Sandler O’Neill cut shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Piper Jaffray Companies reiterated a “hold” rating and set a $15.00 price target on shares of Brookline Bancorp in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.83.
About Brookline Bancorp
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
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