Brookline Bancorp, Inc. (NASDAQ:BRKL) Director Charles H. Peck sold 16,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $16.38, for a total transaction of $262,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brookline Bancorp, Inc. (NASDAQ BRKL) traded down $0.10 during trading on Friday, reaching $16.00. 475,137 shares of the company traded hands, compared to its average volume of 312,619. The stock has a market cap of $1,220.00, a price-to-earnings ratio of 20.64 and a beta of 0.96. Brookline Bancorp, Inc. has a one year low of $13.60 and a one year high of $17.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.21.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. The company had revenue of $62.82 million during the quarter, compared to analyst estimates of $60.37 million. During the same period in the prior year, the firm posted $0.19 EPS. analysts predict that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.36 annualized dividend and a yield of 2.25%. Brookline Bancorp’s payout ratio is 46.15%.

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank bought a new position in Brookline Bancorp in the 2nd quarter worth approximately $150,000. Alpine Woods Capital Investors LLC boosted its stake in Brookline Bancorp by 20.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 12,000 shares of the bank’s stock worth $175,000 after purchasing an additional 2,000 shares during the period. Virtu KCG Holdings LLC bought a new position in Brookline Bancorp in the 2nd quarter worth approximately $176,000. Victory Capital Management Inc. boosted its stake in Brookline Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,137 shares of the bank’s stock worth $177,000 after purchasing an additional 1,819 shares during the period. Finally, Sei Investments Co. bought a new position in Brookline Bancorp in the 3rd quarter worth approximately $197,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Sandler O’Neill lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.83.

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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 (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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