Zacks: Analysts Anticipate Brookline Bancorp, Inc. (NASDAQ:BRKL) to Post $0.32 EPS

Brokerages expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to report $0.32 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brookline Bancorp’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. Brookline Bancorp posted earnings of $0.24 per share during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to report its next earnings report on Wednesday, October 27th.

On average, analysts expect that Brookline Bancorp will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.41. For the next year, analysts anticipate that the company will report earnings of $1.23 per share, with EPS estimates ranging from $1.15 to $1.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Brookline Bancorp.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings data on Tuesday, July 27th. The bank reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.09. Brookline Bancorp had a net margin of 30.60% and a return on equity of 10.89%. The company had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.69 million.

A number of research analysts have recently commented on BRKL shares. Piper Sandler raised shares of Brookline Bancorp from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 29th. Raymond James downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 8th. Finally, Zacks Investment Research downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 4th.

Shares of NASDAQ BRKL traded up $0.38 on Thursday, reaching $14.64. 266,021 shares of the company traded hands, compared to its average volume of 313,164. Brookline Bancorp has a fifty-two week low of $8.13 and a fifty-two week high of $17.14. The company has a 50 day moving average of $14.48 and a 200 day moving average of $15.29. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.14 billion, a PE ratio of 11.09 and a beta of 0.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, August 12th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 82.76%.

A number of institutional investors and hedge funds have recently bought and sold shares of BRKL. First Trust Advisors LP increased its position in Brookline Bancorp by 73.4% during the 1st quarter. First Trust Advisors LP now owns 148,005 shares of the bank’s stock worth $2,131,000 after purchasing an additional 62,666 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Brookline Bancorp in the 1st quarter worth approximately $251,000. Congress Asset Management Co. MA purchased a new position in Brookline Bancorp in the 1st quarter worth approximately $2,038,000. IndexIQ Advisors LLC boosted its holdings in Brookline Bancorp by 41.3% in the 1st quarter. IndexIQ Advisors LLC now owns 26,233 shares of the bank’s stock worth $393,000 after acquiring an additional 7,665 shares during the period. Finally, Swiss National Bank boosted its holdings in Brookline Bancorp by 1.5% in the 1st quarter. Swiss National Bank now owns 180,600 shares of the bank’s stock worth $2,709,000 after acquiring an additional 2,700 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a bank holding company. It operates through the following segments: Commercial Real Estate Loans, Commercial Loans and Leases, and Consumer Loans. The Commercial Real Estate Loans segment includes commercial real estate mortgage loans, multi-family mortgage loans, and construction loans.

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Earnings History and Estimates for Brookline Bancorp (NASDAQ:BRKL)

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