November 23, 2016 - By Peter Kolinski
Calculated with average price per share of $15.0, John Hackett, the Brookline Bancorp Inc’s director made a sale of 1,500 shares of Brookline Bancorp Inc worth $22,455 U.S. Dollars. This stock deal by Mr. John – was recorded on November 23, 2016 and unveiled in a SEC’s filing available here. John now has in hand 38,500 shares accounting for 0.05% of the Company’s market cap
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 company was downgraded on Tuesday, June 7 by Sandler O’Neill. On Friday, November 18 the stock rating was downgraded by Compass Point to “Neutral”. The firm has “Buy” rating given on Thursday, October 22 by Compass Point. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) earned “Neutral” rating by Piper Jaffray on Wednesday, September 16. The company was upgraded on Thursday, September 3 by Sandler O’Neill.
Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.16, from 0.89 in 2016Q1. The ratio improved, 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.
Blackrock Advsrs Limited Liability has 34,529 shares for 0% of their US portfolio. Tiaa Cref Invest Mgmt Ltd Liability Corp last reported 0% of its portfolio in the stock. Intl Group accumulated 0% or 51,719 shares. Alpine Woods Capital Invsts Ltd Liability Co holds 0.02% or 29,000 shares in its portfolio. Private Cap Mgmt Limited Liability Corp accumulated 0.06% or 38,555 shares. Boston Advsrs Limited Liability Corporation holds 98,304 shares or 0.03% of its portfolio. Charter Trust holds 0.09% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 72,536 shares. Blackrock Inc reported 17,206 shares or 0% of all its holdings. Legal & General Gp Pcl reported 11,953 shares or 0% of all its holdings. Suntrust Banks has 11,368 shares for 0% of their US portfolio. Mizuho Tru & Com Limited reported 105,700 shares or 0% of all its holdings. Adirondack Rech And Management Inc last reported 334,860 shares in the company. Great West Life Assurance Communications Can has 11,115 shares for 0% of their US portfolio. Blackrock Institutional Tru Co Na owns 2.07 million shares or 0% of their US portfolio. Thomas White Limited last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 5 selling transactions for $999,507 net activity. On Friday, August 26 McCurdy Michael W. sold $108,560 worth of the stock or 9,200 shares. CHAPIN DAVID C also sold $318,676 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) on Tuesday, November 22. Another trade for 17,665 shares valued at $263,738 was made by Cosman James M on Friday, November 18. Another trade for 10,525 shares valued at $157,033 was sold by ROSE M ROBERT. SLOTNIK JOSEPH J had sold 10,000 shares worth $151,500 on Monday, November 14.
About 179,330 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 $13.55 million for 19.74 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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