Brookline Bancorp, Inc. (NASDAQ:BRKL – Get Free Report) Director Willard I. Hill, Jr. acquired 2,000 shares of the stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $8.44 per share, for a total transaction of $16,880.00. Following the purchase, the director now directly owns 25,631 shares in the company, valued at $216,325.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Brookline Bancorp Stock Performance
Brookline Bancorp stock opened at $8.49 on Thursday. Brookline Bancorp, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $11.52. The firm’s 50 day simple moving average is $9.45 and its 200-day simple moving average is $9.78. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $761.13 million, a P/E ratio of 9.13 and a beta of 0.75.
Brookline Bancorp Announces Dividend
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 paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, May 9th. Brookline Bancorp’s dividend payout ratio (DPR) is currently 58.07%.
Institutional Trading of Brookline Bancorp
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BRKL. StockNews.com upgraded shares of Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. 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 research note on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $12.00 target price on shares of Brookline Bancorp in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Brookline Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.08.
Get Our Latest Stock Report on BRKL
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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