Brookline Bancorp, Inc. (NASDAQ:BRKL) insider M Robert Rose sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $16.07, for a total value of $200,875.00. Following the transaction, the insider now owns 35,277 shares of the company’s stock, valued at $566,901.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) traded down $0.35 during trading on Wednesday, reaching $15.90. The company had a trading volume of 422,700 shares, compared to its average volume of 388,075. Brookline Bancorp, Inc. has a 12 month low of $13.60 and a 12 month high of $17.45. The stock has a market cap of $1,245.60, a PE ratio of 20.83 and a beta of 0.97. 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 announced its earnings results on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Brookline Bancorp had a return on equity of 7.52% and a net margin of 19.82%. The company had revenue of $62.82 million during the quarter, compared to analysts’ expectations of $60.37 million. During the same period last year, the business posted $0.19 EPS. equities research analysts anticipate that Brookline Bancorp, Inc. will post 0.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, November 2nd. Brookline Bancorp’s dividend payout ratio (DPR) is 46.15%.

A number of brokerages recently commented on BRKL. BidaskClub upgraded Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Sandler O’Neill cut Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Brookline Bancorp has an average rating of “Hold” and a consensus target price of $15.83.

A number of institutional investors have recently made changes to their positions in BRKL. PNC Financial Services Group Inc. boosted its stake in shares of Brookline Bancorp by 1.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 23,832 shares of the bank’s stock valued at $346,000 after buying an additional 451 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Brookline Bancorp by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 116,690 shares of the bank’s stock valued at $1,704,000 after buying an additional 875 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Brookline Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 12,137 shares of the bank’s stock valued at $177,000 after buying an additional 1,819 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Brookline Bancorp by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,953 shares of the bank’s stock valued at $218,000 after buying an additional 1,947 shares during the period. Finally, Alpine Woods Capital Investors LLC boosted its stake in shares of Brookline Bancorp by 20.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 12,000 shares of the bank’s stock valued at $175,000 after buying an additional 2,000 shares during the period. Institutional investors own 77.67% 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 (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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