Favorable Media Coverage Somewhat Unlikely to Affect Brookline Bancorp (BRKL) Stock Price
News stories about Brookline Bancorp (NASDAQ:BRKL) have trended positive on Thursday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog 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 daily sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.5253333087986 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Brookline Bancorp (NASDAQ BRKL) opened at $16.45 on Thursday. The company has a market capitalization of $1,241.85, a P/E ratio of 24.19 and a beta of 0.95. Brookline Bancorp has a 52 week low of $13.60 and a 52 week high of $17.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $63.47 million during the quarter, compared to the consensus estimate of $61.22 million. Brookline Bancorp had a return on equity of 7.58% and a net margin of 17.11%. During the same period in the prior year, the business posted $0.19 earnings per share. equities research analysts predict that Brookline Bancorp will post 0.9 EPS for the current year.
Several analysts have recently commented on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $16.50 price objective on shares of Brookline Bancorp in a research note on Tuesday, January 9th. BidaskClub downgraded Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th.
In other news, Director Charles H. Peck sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $16.38, for a total value of $262,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James M. Cosman sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $16.76, for a total value of $209,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,500 shares of company stock valued at $808,830. 2.85% of the stock is currently owned by corporate insiders.
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Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
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