Brookline Bancorp Inc. (BRKL) Sets New 1-Year High at $11.98
Brookline Bancorp Inc. (NASDAQ:BRKL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.98 and last traded at $11.87, with a volume of 32,573 shares. The stock had previously closed at $11.94.
BRKL has been the topic of several analyst reports. Compass Point raised their price objective on Brookline Bancorp from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Keefe, Bruyette & Woods upgraded Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Friday, July 8th. Finally, Sandler O’Neill lowered Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $12.30.
The company’s 50-day moving average is $11.55 and its 200-day moving average is $11.19. The company has a market cap of $841.26 million and a P/E ratio of 16.34.
Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, equities research analysts anticipate that Brookline Bancorp Inc. will post $0.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, August 3rd.
In related news, General Counsel Michael W. Mccurdy sold 9,200 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.80, for a total value of $108,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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