Brookline Bancorp, Inc. (BRKL) Declares $0.09 Quarterly Dividend

Brookline Bancorp, Inc. (NASDAQ:BRKL) declared a quarterly dividend on Wednesday, October 18th, RTT News reports. Investors of record on Friday, November 3rd will be given a dividend of 0.09 per share by the bank on Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, November 2nd.

Brookline Bancorp (BRKL) opened at 15.85 on Friday. The company’s 50-day moving average is $15.20 and its 200-day moving average is $14.64. Brookline Bancorp has a 52-week low of $12.43 and a 52-week high of $17.45. The firm has a market capitalization of $1.21 billion, a P/E ratio of 20.58 and a beta of 0.99.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. The company had revenue of $62.82 million for the quarter, compared to the consensus estimate of $60.37 million. During the same period last year, the firm posted $0.19 EPS. On average, analysts predict that Brookline Bancorp will post $0.79 EPS for the current year.

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BRKL has been the subject of several recent analyst reports. Sandler O’Neill upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, August 21st. They noted that the move was a valuation call. BidaskClub upgraded shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $15.00 price objective on shares of Brookline Bancorp in a research note on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Brookline Bancorp currently has a consensus rating of “Hold” and an average target price of $15.83.

About Brookline Bancorp

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.

Dividend History for Brookline Bancorp (NASDAQ:BRKL)

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