A Director at Brookline Bancorp (NASDAQ: BRKL) is Selling Shares

By Carrie Williams

Today, a Director at Brookline Bancorp (NASDAQ: BRKL), David Chapin, sold shares of BRKL for $318.7K.

This is Chapin’s first Sell trade following 5 Buy transactions. Following David Chapin’s last BRKL Sell transaction on July 26, 2016, the stock climbed by 3.6%.

Based on Brookline Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $66 million and quarterly net profit of $13.62 million. In comparison, last year the company earned revenue of $61.78 million and had a net profit of $12.89 million. The company has a one year high of $15.80 and a one year low of $9.91. BRKL’s market cap is $1.06B and the company has a P/E ratio of 20.14.

The insider sentiment on Brookline Bancorp has been neutral according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Chapin’s trades have generated a 18.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Brookline Bancorp, Inc. engages in the provision of bank holding services. It operates through its subsidiaries Brookline Bank, First Ipswich Bank, and Bank Rhode Island which provides commercial, business and retail banking services. It offers cash management products, online banking services, consumer and residential loans and investment services to businesses and retail customers. It also provides indirect automobile loans through Brookline Bank and equipment financing through its Eastern Funding and Macrolease Corp. subsidiaries. The company was founded in November 1997 and is headquartered in Boston, MA.