Rep. Lisa C. McClain Sells Off Shares of Brookline Bancorp, Inc. (NASDAQ:BRKL)

Key Points

• Representative Lisa C. McClain sold shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) valued between $1,001 and $15,000 on June 17th, 2023, as disclosed in a filing on August 13th.
• Brookline Bancorp has recently declared a quarterly dividend of $0.135 per share, resulting in an annualized dividend yield of 5.1%.
• Equities research analysts have rated Brookline Bancorp with a consensus Buy rating, with an average price target of $15.25.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Brookline Bancorp, Inc. NASDAQ: BRKL. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Brookline Bancorp stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Brookline Bancorp Price Performance

Shares of BRKL stock traded down $0.0750 on Monday, reaching $11.0850. 142,955 shares of the company were exchanged, compared to its average volume of 550,010. The company has a market cap of $987.73 million, a price-to-earnings ratio of 12.47 and a beta of 0.91. The business has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.10 and a current ratio of 1.10. Brookline Bancorp, Inc. has a 1 year low of $9.28 and a 1 year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The bank reported $0.25 EPS for the quarter, hitting analysts' consensus estimates of $0.25. The business had revenue of $94.66 million during the quarter, compared to analysts' expectations of $94.90 million. Brookline Bancorp had a net margin of 12.12% and a return on equity of 6.69%. Equities research analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.9%. Brookline Bancorp's payout ratio is currently 60.67%.

Hedge Funds Weigh In On Brookline Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its position in Brookline Bancorp by 1.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 85,871 shares of the bank's stock worth $905,000 after buying an additional 1,007 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Brookline Bancorp by 9.9% in the 1st quarter. Focus Partners Wealth now owns 11,243 shares of the bank's stock valued at $123,000 after buying an additional 1,010 shares during the period. Alta Wealth Advisors LLC grew its stake in shares of Brookline Bancorp by 9.0% in the 2nd quarter. Alta Wealth Advisors LLC now owns 12,613 shares of the bank's stock valued at $133,000 after buying an additional 1,043 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Brookline Bancorp by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,905 shares of the bank's stock valued at $53,000 after buying an additional 1,199 shares during the period. Finally, Savant Capital LLC grew its stake in shares of Brookline Bancorp by 3.1% in the 2nd quarter. Savant Capital LLC now owns 41,770 shares of the bank's stock valued at $441,000 after buying an additional 1,261 shares during the period. Hedge funds and other institutional investors own 78.91% of the company's stock.

Insider Buying and Selling at Brookline Bancorp

In other news, insider Janytra M. Brooks sold 3,763 shares of the stock in a transaction that occurred on Saturday, August 2nd. The shares were sold at an average price of $10.28, for a total value of $38,683.64. Following the completion of the sale, the insider owned 44,322 shares of the company's stock, valued at $455,630.16. This represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Brookline Bancorp to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $15.25.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Brookline Bancorp

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.