Brookline Bancorp, Inc. (NASDAQ:BRKL – Get Free Report) Director Willard I. Hill, Jr. purchased 2,000 shares of Brookline Bancorp stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $8.44 per share, with a total value of $16,880.00. Following the completion of the acquisition, the director now directly owns 25,631 shares of the company’s stock, valued at $216,325.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Brookline Bancorp Trading Down 0.6 %
Shares of NASDAQ:BRKL opened at $8.30 on Wednesday. The stock has a market capitalization of $744.10 million, a price-to-earnings ratio of 8.92 and a beta of 0.75. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $9.48 and its two-hundred day simple moving average is $9.78. Brookline Bancorp, Inc. has a 52-week low of $7.00 and a 52-week high of $11.52.
Brookline Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.135 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.54 annualized dividend and a yield of 6.51%. Brookline Bancorp’s payout ratio is 58.07%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BRKL shares. Piper Sandler restated an “overweight” rating and set a $12.00 price target on shares of Brookline Bancorp in a report on Wednesday, March 27th. StockNews.com upgraded Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on Brookline Bancorp from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.08.
Get Our Latest Report on Brookline Bancorp
About Brookline Bancorp
Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.
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