Brookline Bancorp, Inc. (NASDAQ:BRKL):
Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and Conference Call.
The company is trading up since yesterday’s close of $12.04.
Brookline Bancorp, Inc. also declared a dividend for shareholders which was paid on Friday the 19th of August 2016. The dividend was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend amount represented a yeild of $2.99. The ex-dividend date was Wednesday the 3rd of August 2016.
Shares last traded at $12.16 which is just over the 50 day moving average which is $11.76 and marginally over the 200 day moving average of $11.34. The 50 day moving average was up by +3.41% whereas the 200 day moving average was up $0.82 or +7.23%.
Brookline Bancorp, Inc.’s P/E ratio is 16.66 and market capitalization is 857.47M. As of the latest earnings report the EPS was $0.73 and is projected to be $0.73 for the current year with 70,516,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.19 and the next full year EPS is anticipated to be $0.79.
Investors are more bearish on shares of Brookline Bancorp, Inc. of late if you take note of the change in short interest. The stock realized a rise in short interest from August 31, 2016 to September 15, 2016 of 0.28%. Short shares grew from 891,631 to 1,137,603 over that period. With short interest at 1,137,603 and short average daily volume at 142,623, days to cover is 8.0 and the short interest percentage is 0.02% as of September 15.
Several brokerages have weighed in on the stock of late. On July 8 the company was rated “Outperform” according to a Keefe Bruyette & Woods report which is up from the previous “” rating. On June 7, 2016 the stock rating was set at “Hold” in a report from Sandler O'Neill a cut from the previous “” rating.
Equity analyst American Capital Partners started covering the stock with an initial rating of “Buy” and projecting a price target of $12.50. Compass Point upgraded the stock and raised the price target on October 22 changing the price objective from $0.00 to $12.00 and raising the rating from “Neutral” to “Buy”.
On October 22 the company was upgraded to “Buy” from “Neutral” and a price target of $12.00 was set by Compass Point. July 27 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Market Perform” and moved up the price target to $12.00 from $11.50.