Stock analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL – Get a rating) will post earnings per share of $0.34 for the current quarter, Zacks Investment Research reports. Two analysts have made earnings estimates for Brookline Bancorp. Brookline Bancorp reported earnings of $0.40 per share in the same quarter last year, indicating a negative 15% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Brookline Bancorp to report annual earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.39. For next year, analysts expect the company to post earnings of $1.47 per share, with EPS estimates ranging from $1.35 to $1.58. Zacks’ EPS calculations are an average based on a survey of research companies that cover Brookline Bancorp.
Brookline Bancorp (NASDAQ: BRKL – Get a rating) last reported quarterly earnings data on Wednesday, April 27. The bank reported earnings per share of $0.32 for the quarter, matching the consensus estimate of $0.32. Brookline Bancorp had a net margin of 33.85% and a return on equity of 11.58%. The company posted revenue of $75.38 million for the quarter, versus analyst estimates of $76.14 million. In the same quarter a year earlier, the company earned $0.34 per share.
A number of research firms have recently weighed in on BRKL. StockNews.com began covering Brookline Bancorp shares in a research report on Thursday, March 31. They set a “hold” rating for the company. Compass Point lowered its price target on Brookline Bancorp stock to $18.00 in a Wednesday, May 25 research report. To finish, Zacks Investment Research upgraded Brookline Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $16.00 on the stock in a Monday, May 2 research report.
A number of institutional investors have recently increased or reduced their stake in BRKL. Quantbot Technologies LP bought a new position in shares of Brookline Bancorp in the first quarter for a value of approximately $45,000. US Asset Management LLC bought a new stock position in Brookline Bancorp in Q1 valued at around $54,000. Nisa Investment Advisors LLC raised its position in shares of Brookline Bancorp by 106.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,420 shares of the bank valued at $93,000 after buying 2,800 additional shares in the last quarter. KBC Group NV increased its position in shares of Brookline Bancorp by 44.0% in the 1st quarter. KBC Group NV now owns 5,878 shares in the bank valued at $93,000 after buying an additional 1,797 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in Brookline Bancorp during Q4 worth approximately $113,000. 81.72% of the shares are currently held by institutional investors.
BRKL stock traded down $0.12 during Friday’s session, hitting $14.27. The stock had trading volume of 393,951 shares, compared to an average volume of 428,972. Brookline Bancorp has a one-year low of $13.23 and a one-year high of $17.74. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 0.40. The company’s 50-day moving average is $14.83 and its two-hundred-day moving average is $15.96. The company has a market capitalization of $1.11 billion, a price-earnings ratio of 9.77 and a beta of 0.68.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Investors of record on Friday, May 13 received a dividend of $0.13 per share. This is a positive change from Brookline Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 12. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 3.64%. Brookline Bancorp’s dividend payout ratio is currently 35.62%.
Brookline Bancorp Company Profile (Get a rating)
Brookline Bancorp, Inc operates as a bank holding company for Brookline Bank which provides commercial, commercial and retail banking services to businesses, municipalities and individuals in the United States. Its deposit products include on-demand checking, NOW, money market and savings accounts. The Company’s loan portfolio primarily includes first mortgage loans secured by commercial, multi-family and residential real estate properties; loans to commercial entities including commercial lines of credit; loans to associations of co-owners; loans and leases used to finance small business equipment; financing of construction and development projects; and equity in housing and other consumer loans.
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