Brookline Bancorp, Inc. (BRKL) Posts Quarterly Earnings Results

Brookline Bancorp, Inc. (NASDAQ:BRKL) issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20, reports. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. The firm had revenue of $62.82 million for the quarter, compared to analyst estimates of $60.37 million. During the same period in the prior year, the business posted $0.19 EPS.

Brookline Bancorp (NASDAQ BRKL) traded up 0.63% during mid-day trading on Friday, hitting $15.85. 261,254 shares of the stock traded hands. The stock has a 50-day moving average of $15.20 and a 200 day moving average of $14.64. Brookline Bancorp has a 1-year low of $12.43 and a 1-year high of $17.45. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 20.58 and a beta of 0.99.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, November 2nd. Brookline Bancorp’s dividend payout ratio is currently 46.15%.

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A number of equities research analysts have issued reports on BRKL shares. BidaskClub raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $15.00 price objective on shares of Brookline Bancorp in a research report on Friday, July 14th. Finally, Sandler O’Neill raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Monday, August 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.83.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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