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 Trading Up 1.4%

Shares of NASDAQ:BRKL traded up $0.15 during midday trading on Tuesday, reaching $11.18. The company's stock had a trading volume of 579,763 shares, compared to its average volume of 540,043. The firm has a market capitalization of $996.25 million, a price-to-earnings ratio of 12.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $10.75. Brookline Bancorp, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $13.15.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.25. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $94.90 million. Brookline Bancorp had a return on equity of 6.69% and a net margin of 12.12%. As a group, analysts forecast that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, August 8th. Brookline Bancorp's payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider Janytra M. Brooks sold 3,763 shares of the company's stock in a transaction that occurred on Saturday, August 2nd. The stock was sold at an average price of $10.28, for a total value of $38,683.64. Following the completion of the transaction, the insider directly owned 44,322 shares of the company's stock, valued at $455,630.16. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Brookline Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Brookline Bancorp by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank's stock worth $62,013,000 after purchasing an additional 100,610 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Brookline Bancorp by 1.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,683,640 shares of the bank's stock worth $51,052,000 after purchasing an additional 62,998 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Brookline Bancorp by 1.3% in the first quarter. Jennison Associates LLC now owns 3,174,794 shares of the bank's stock worth $34,605,000 after purchasing an additional 41,429 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Brookline Bancorp by 3.7% in the second quarter. Geode Capital Management LLC now owns 2,228,465 shares of the bank's stock worth $23,512,000 after purchasing an additional 79,311 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Brookline Bancorp by 0.5% in the second quarter. American Century Companies Inc. now owns 2,048,548 shares of the bank's stock worth $21,612,000 after purchasing an additional 9,510 shares during the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

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.

Brookline Bancorp Company Profile

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.