Brokerage firm Sandler O’Neill Downgrades its rating on Brookline Bancorp(NASDAQ:BRKL). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Sandler O’Neill was issued on Jun 7, 2016.
Brookline Bancorp (BRKL) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.62% at a volume of 1,68,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.46. The peak price level was also seen at $11.46 while the days lowest was $11.18. Finally the shares closed at $11.31. The 52-week high of the shares is $11.9746 while the 52-week low is $9.86. According to the latest information available, the market cap of the company is $796 M.
Brookline Bancorp(BRKL) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $49.20M. Analysts had an estimated revenue of $49.87M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, Charles H Peck (director) sold 12,000 shares at $11.25 per share price.Also, On May 5, 2016, Margaret Boles Fitzgerald (director) purchased 1,500 shares at $11.14 per share price.On May 3, 2016, David C Chapin (director) sold 1,458 shares at $11.26 per share price, according to the Form-4 filing with the securities and exchange commission.
Brookline Bancorp Inc. operates as a multi-bank holding company for Brookline Bank a Massachusetts-chartered savings bank; Bank Rhode Island (BankRI) a Rhode Island-chartered financial institution and First Ipswich Bank (First Ipswich) a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial business and retail banking services to its corporate municipal and individual customers through its banks and non-bank subsidiaries. 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 Company also provides specialty equipment financing.