Brookline Bancorp Inc. (BRKL) Reaches New 52-Week High at $11.98
Brookline Bancorp Inc. (NASDAQ:BRKL) shares hit a new 52-week high on Wednesday . The stock traded as high as $11.98 and last traded at $11.87, with a volume of 32,573 shares traded. The stock had previously closed at $11.94.
Several analysts have recently commented on the stock. Compass Point raised their price objective on shares of Brookline Bancorp from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Keefe, Bruyette & Woods upgraded shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Friday, July 8th. Finally, Sandler O’Neill downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.30.
The stock’s 50 day moving average price is $11.53 and its 200 day moving average price is $11.17. The company has a market cap of $838.44 million and a P/E ratio of 16.29.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. During the same quarter last year, the business posted $0.17 EPS. Analysts predict that Brookline Bancorp Inc. will post $0.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 3.02%.
In other 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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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