Headlines about Brookline Bancorp (NASDAQ:BRKL) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookline Bancorp earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the bank an impact score of 43.5792145755823 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Brookline Bancorp (NASDAQ:BRKL) traded down $0.05 during trading hours on Wednesday, hitting $16.85. 132,760 shares of the company traded hands, compared to its average volume of 350,234. Brookline Bancorp has a twelve month low of $13.60 and a twelve month high of $17.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1,306.06, a PE ratio of 25.00 and a beta of 0.91.
Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. The business had revenue of $63.47 million during the quarter, compared to the consensus estimate of $61.22 million. During the same quarter last year, the firm posted $0.19 EPS. research analysts predict that Brookline Bancorp will post 1.05 EPS for the current year.
A number of brokerages recently weighed in on BRKL. ValuEngine upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Piper Jaffray Companies reissued a “hold” rating and set a $16.50 target price on shares of Brookline Bancorp in a research note on Tuesday, January 9th. Finally, BidaskClub cut Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Brookline Bancorp presently has an average rating of “Hold” and an average target price of $16.33.
In related news, Director Charles H. Peck sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total value of $164,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darryl J. Fess sold 20,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $16.49, for a total value of $329,800.00. The disclosure for this sale can be found here. Insiders have sold 47,500 shares of company stock valued at $784,850 in the last three months. Insiders own 2.85% 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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