Insider Selling: Brookline Bancorp, Inc. (BRKL) Director Sells $30,000.00 in Stock

Brookline Bancorp, Inc. (NASDAQ:BRKL) Director John A. Hackett sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $15.00, for a total value of $30,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Brookline Bancorp, Inc. (NASDAQ BRKL) traded up $0.10 during trading on Friday, reaching $15.15. The company had a trading volume of 286,462 shares, compared to its average volume of 300,515. The firm has a market cap of $1,161.28, a P/E ratio of 19.42 and a beta of 0.96. Brookline Bancorp, Inc. has a twelve month low of $13.60 and a twelve month high of $17.45. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.16 and a quick ratio of 1.16.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $62.82 million for the quarter, compared to the consensus estimate of $60.37 million. Brookline Bancorp had a return on equity of 7.52% and a net margin of 19.82%. During the same quarter last year, the business posted $0.19 EPS. equities research analysts predict that Brookline Bancorp, Inc. will post 0.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders 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 2.38%. The ex-dividend date was Thursday, November 2nd. Brookline Bancorp’s dividend payout ratio (DPR) is presently 46.15%.

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BRKL has been the topic of several research analyst reports. Sandler O’Neill downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. BidaskClub downgraded Brookline Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.83.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in 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. Vanguard Group Inc. increased its holdings in Brookline Bancorp by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,931,162 shares of the bank’s stock worth $101,195,000 after purchasing an additional 376,821 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Brookline Bancorp by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,316,348 shares of the bank’s stock worth $97,903,000 after purchasing an additional 107,716 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Brookline Bancorp by 63.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,813,898 shares of the bank’s stock worth $59,115,000 after purchasing an additional 1,483,727 shares in the last quarter. Finally, State Street Corp increased its holdings in Brookline Bancorp by 11.0% during the 2nd quarter. State Street Corp now owns 2,579,882 shares of the bank’s stock worth $37,666,000 after purchasing an additional 255,702 shares in the last quarter. Hedge funds and other institutional investors own 76.53% of the company’s stock.

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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