Insider Selling: Brookline Bancorp Director Unloads 13,500 Shares of Stock (BRKL)
Brookline Bancorp (NASDAQ:BRKL) Director Charles H. Peck sold 13,500 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $9.05, for a total transaction of $122,175.00. Following the transaction, the director now directly owns 314,608 shares of the company’s stock, valued at approximately $2,847,202. The sale was disclosed in a filing with the SEC, which is available at this link.
Brookline Bancorp (NASDAQ:BRKL) traded down 2.43% during mid-day trading on Wednesday, hitting $8.83. 312,034 shares of the company’s stock traded hands. Brookline Bancorp has a one year low of $8.30 and a one year high of $10.10. The stock’s 50-day moving average is $9.1 and its 200-day moving average is $9.14. The company has a market cap of $617.1 million and a P/E ratio of 17.08.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts expect that Brookline Bancorp will post $0.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 7th.
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank (NASDAQ:BRKL) and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp.
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