Media stories about Brookline Bancorp (NASDAQ:BRKL) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brookline Bancorp earned a news impact score of 0.25 on Accern’s scale. Accern also gave news articles about the bank an impact score of 43.8857773766666 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
BRKL has been the subject of a number of research reports. BidaskClub lowered shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 price objective on shares of Brookline Bancorp in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Brookline Bancorp has an average rating of “Hold” and a consensus price target of $16.33.
Shares of Brookline Bancorp stock opened at $17.05 on Monday. 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 has a 52 week low of $13.60 and a 52 week high of $17.20. The stock has a market cap of $1,309.91, a price-to-earnings ratio of 25.07 and a beta of 0.91.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, February 15th. Brookline Bancorp’s payout ratio is 52.94%.
In related news, Director John A. Hackett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the completion of the transaction, the director now directly owns 31,500 shares in the company, valued at approximately $511,875. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James M. Cosman sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $16.76, for a total transaction of $209,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,500 shares of company stock valued at $784,850 in the last ninety days. 2.85% of the stock is currently owned by insiders.
About Brookline Bancorp
Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.
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