Insider Selling: Brookline Bancorp, Inc. (BRKL) Director Sells 5,000 Shares of Stock

Brookline Bancorp, Inc. (NASDAQ:BRKL) Director John A. Hackett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $16.25, for a total transaction of $81,250.00. Following the transaction, the director now owns 31,500 shares of the company’s stock, valued at approximately $511,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John A. Hackett also recently made the following trade(s):

  • On Thursday, November 16th, John A. Hackett sold 2,000 shares of Brookline Bancorp stock. The stock was sold at an average price of $15.00, for a total transaction of $30,000.00.

Shares of Brookline Bancorp, Inc. (BRKL) remained flat at $$16.15 on Wednesday. The stock had a trading volume of 75,721 shares, compared to its average volume of 311,504. The stock has a market cap of $1,241.85, a P/E ratio of 23.75 and a beta of 0.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.16 and a quick ratio of 1.16. Brookline Bancorp, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.05.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $61.22 million. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. During the same quarter last year, the company earned $0.19 earnings per share. research analysts predict that Brookline Bancorp, Inc. will post 0.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, February 15th. Brookline Bancorp’s payout ratio is 52.94%.

A number of research analysts have commented on BRKL shares. Sandler O’Neill cut shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. BidaskClub cut shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $16.50 price target on shares of Brookline Bancorp in a research note on Tuesday, January 9th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in shares of Brookline Bancorp by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 358,649 shares of the bank’s stock worth $5,631,000 after buying an additional 3,852 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Brookline Bancorp during the fourth quarter worth approximately $410,000. Aries Wealth Management acquired a new stake in shares of Brookline Bancorp during the fourth quarter worth approximately $372,000. Aperio Group LLC increased its holdings in shares of Brookline Bancorp by 36.6% during the fourth quarter. Aperio Group LLC now owns 32,929 shares of the bank’s stock worth $517,000 after buying an additional 8,830 shares in the last quarter. Finally, Moody Aldrich Partners LLC increased its holdings in shares of Brookline Bancorp by 26.3% during the fourth quarter. Moody Aldrich Partners LLC now owns 140,084 shares of the bank’s stock worth $2,199,000 after buying an additional 29,175 shares in the last quarter. 77.42% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Brookline Bancorp (NASDAQ:BRKL)

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