Thomas J. Hollister Sells 3,500 Shares of Brookline Bancorp, Inc. (BRKL) Stock
Brookline Bancorp, Inc. (NASDAQ:BRKL) Director Thomas J. Hollister sold 3,500 shares of Brookline Bancorp stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $15.75, for a total transaction of $55,125.00. Following the sale, the director now owns 28,500 shares of the company’s stock, valued at $448,875. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Brookline Bancorp, Inc. (BRKL) traded down $0.20 during mid-day trading on Wednesday, hitting $15.70. 217,589 shares of the stock were exchanged, compared to its average volume of 387,349. Brookline Bancorp, Inc. has a 52 week low of $13.60 and a 52 week high of $17.45. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $1,245.60, a P/E ratio of 20.83 and a beta of 0.97.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 the consensus estimate of $60.37 million. During the same period last year, the firm earned $0.19 EPS. equities research analysts expect that Brookline Bancorp, Inc. will post 0.8 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Aperio Group LLC increased its stake in shares of Brookline Bancorp by 33.7% during the 2nd quarter. Aperio Group LLC now owns 28,585 shares of the bank’s stock worth $417,000 after purchasing an additional 7,198 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Brookline Bancorp during the 2nd quarter worth approximately $7,070,000. BlackRock Inc. increased its stake in shares of Brookline Bancorp by 6.5% during the 2nd quarter. BlackRock Inc. now owns 9,300,912 shares of the bank’s stock worth $135,794,000 after purchasing an additional 564,134 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Brookline Bancorp by 34.5% during the 2nd quarter. Stifel Financial Corp now owns 45,583 shares of the bank’s stock worth $666,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Brookline Bancorp during the 2nd quarter worth approximately $312,000. Institutional investors own 77.67% of the company’s stock.
BRKL has been the subject of a number of research reports. BidaskClub downgraded shares of Brookline Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Sandler O’Neill upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, August 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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