November 23, 2016 - By Vivian Park
At an average stock price per share of $15.1, James Cosman, the Brookline Bancorp Inc’s Chief Operations Officer unloaded 12,500 shares of Brookline Bancorp Inc worth around $188,125 U.S. Dollars. James is trying to silently decrease his company’s share, same as he did in the last month. He sold another 17,665 shares worth $263,738 USD. James Cosman has exactly 0.04% of Brookline Bancorp Inc’s stock market cap or 29,810 shares. Full details about the deal dated November 23, 2016, could be found accessible for free in a public document on the SEC website here.
Out of 3 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Brookline Bancorp has been the topic of 5 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, June 7. The firm has “Neutral” rating given on Wednesday, September 16 by Piper Jaffray. On Friday, November 18 the stock rating was downgraded by Compass Point to “Neutral”. The stock has “Buy” rating given by Compass Point on Thursday, October 22. The firm earned “Buy” rating on Thursday, September 3 by Sandler O’Neill.
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.16, from 0.89 in 2016Q1. The ratio is positive, as 14 funds sold all Brookline Bancorp, Inc. shares owned while 51 reduced positions. 10 funds bought stakes while 48 increased positions. They now own 49.47 million shares or 6.05% less from 52.65 million shares in 2016Q1.
Voya Inv Mgmt Ltd Limited Liability Company holds 102,037 shares or 0% of its portfolio. Ls Invest Ltd Co holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 2,371 shares. Dimensional Fund Limited Partnership last reported 0.04% of its portfolio in the stock. Bnp Paribas Arbitrage Sa, a New York-based fund reported 21,935 shares. Tci Wealth has 73 shares for 0% of their US portfolio. Btim last reported 10,000 shares in the company. First Manhattan Company owns 198,074 shares or 0.01% of their US portfolio. Capstone Investment Limited Liability Com has 0% invested in the company for 10,117 shares. Louisiana State Employees Retirement, a Louisiana-based fund reported 31,200 shares. Ladenburg Thalmann Svcs owns 14,310 shares or 0% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). California State Teachers Retirement Systems has 0% invested in the company for 145,185 shares. Parsons Mgmt Ri accumulated 0.03% or 18,302 shares. Balyasny Asset Mngmt Limited Liability last reported 18,972 shares in the company. Royal Comml Bank Of Canada reported 116,112 shares or 0% of all its holdings.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 5 insider sales for $999,507 net activity. Another trade for 21,402 shares valued at $318,676 was sold by CHAPIN DAVID C. Cosman James M sold $263,738 worth of stock or 17,665 shares. $108,560 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by McCurdy Michael W. $157,033 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by ROSE M ROBERT. $151,500 worth of shares were sold by SLOTNIK JOSEPH J on Monday, November 14.
About 180,730 shares traded hands. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 32.60% since April 21, 2016 and is uptrending. It has outperformed by 27.27% the S&P500.
Brookline Bancorp, Inc. operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. The company has a market cap of $1.07 billion. 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. It has a 20.14 P/E ratio.
According to Zacks Investment Research, “Brookline Bancorp, Inc. is a holding company for Brookline Savings Bank.”
Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on January, 25. They expect $0.19 EPS, 0.00% or $0.00 from last year’s $0.19 per share. BRKL’s profit will be $13.60 million for 19.67 P/E if the $0.19 EPS becomes a reality. After $0.19 actual EPS reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Streetinsider.com which released: “Form 4 BROOKLINE BANCORP INC For: Nov 22 Filed by: HACKETT JOHN A” on November 23, 2016, also Prnewswire.com with their article: “Brookline Bancorp, Inc. Names Darryl J. Fess President and CEO of Brookline Bank” published on September 21, 2016, Prnewswire.com published: “Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and ..” on September 28, 2016. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Marketwatch.com and their article: “Brookline Bancorp Inc.” published on July 16, 2009 as well as Prnewswire.com‘s news article titled: “Brookline Bancorp, Inc. Announces 2016 Annual Meeting Information” with publication date: January 28, 2016.
Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding firm 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. (BSC). As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), 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. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services. The Firm also provides specialty equipment financing through its subsidiaries Eastern Funding LLC and Macrolease Corporation.
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By Vivian Park