Brookline Bancorp (BRKL) Receiving Somewhat Positive Press Coverage, Analysis Shows

News coverage about Brookline Bancorp (NASDAQ:BRKL) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookline Bancorp earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 48.5350961789704 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Brookline Bancorp opened at $17.10 on Wednesday, according to MarketBeat Ratings. The stock has a market capitalization of $1.37 billion, a P/E ratio of 21.38 and a beta of 0.92. Brookline Bancorp has a 12 month low of $17.05 and a 12 month high of $17.27. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, April 25th. The bank reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $65.66 million during the quarter. Brookline Bancorp had a return on equity of 7.99% and a net margin of 18.90%. analysts anticipate that Brookline Bancorp will post 1.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.40 annualized dividend and a yield of 2.34%. This is an increase from Brookline Bancorp’s previous quarterly dividend of $0.09. Brookline Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

Several research analysts recently commented on BRKL shares. BidaskClub upgraded Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. ValuEngine upgraded Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.

In other Brookline Bancorp news, insider Darryl J. Fess sold 20,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Peck sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total transaction of $164,300.00. The disclosure for this sale can be found here. 2.51% of the stock is owned by company insiders.

Brookline Bancorp Company Profile

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.

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

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