Somewhat Favorable News Coverage Somewhat Unlikely to Impact Brookline Bancorp (BRKL) Share Price
Media coverage about Brookline Bancorp (NASDAQ:BRKL) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookline Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.9699667162736 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Brookline Bancorp, Inc. to Host Earnings Call (finance.yahoo.com)
- Brookline Bancorp (BRKL) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS (americanbankingnews.com)
- Brookline Bancorp Inc. Reveals Decline In Q4 Earnings (nasdaq.com)
- Brookline Bancorp, Inc. (BRKL) Plans $0.09 Quarterly Dividend (americanbankingnews.com)
- Does Brookline Bancorp Inc’s (NASDAQ:BRKL) Recent Track Record Look Strong? (finance.yahoo.com)
Shares of Brookline Bancorp (NASDAQ BRKL) opened at $16.80 on Monday. The company has a market capitalization of $1,287.84, a PE ratio of 24.71 and a beta of 0.95. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. Brookline Bancorp has a 12 month low of $13.60 and a 12 month high of $17.05.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.36 annualized dividend and a yield of 2.14%. Brookline Bancorp’s dividend payout ratio is presently 52.94%.
BRKL has been the topic of several recent analyst reports. Sandler O’Neill downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. BidaskClub downgraded Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $16.50 target price on shares of Brookline Bancorp in a research report on Tuesday, January 9th.
In other Brookline Bancorp news, Director Charles H. Peck sold 16,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $16.38, for a total transaction of $262,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul A. Perrault sold 103,255 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $14.69, for a total value of $1,516,815.95. Following the sale, the chief executive officer now owns 421,122 shares of the company’s stock, valued at $6,186,282.18. The disclosure for this sale can be found here. Insiders have sold 142,255 shares of company stock valued at $2,138,396 over the last 90 days. 2.85% of the stock is currently owned by insiders.
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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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