Brookline Bancorp (BRKL) Expected to Announce Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL) is expected to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.23 per share and revenue of $91.38 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. On average, analysts expect Brookline Bancorp to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Brookline Bancorp Stock Performance

Shares of BRKL stock opened at $9.81 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.13. The company’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $11.48. The firm has a market capitalization of $882.51 million, a P/E ratio of 12.74 and a beta of 0.71. Brookline Bancorp has a 12 month low of $8.01 and a 12 month high of $13.15.

Brookline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, February 14th. Brookline Bancorp’s payout ratio is 70.13%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRKL. StockNews.com initiated coverage on Brookline Bancorp in a research note on Wednesday, April 9th. They set a “hold” rating for the company. Raymond James upgraded Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Friday, December 20th. Finally, Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target for the company. in a research note on Tuesday, December 24th.

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.