Brookline Bancorp (BRKL) Set to Announce Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Brookline Bancorp to post earnings of $0.22 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Brookline Bancorp had a return on equity of 7.87% and a net margin of 12.31%. The company had revenue of $160.35 million for the quarter, compared to the consensus estimate of $89.38 million. During the same quarter last year, the business posted $0.39 EPS. On average, analysts expect Brookline Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Brookline Bancorp Trading Down 0.1 %

NASDAQ:BRKL opened at $9.37 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $9.59 and its two-hundred day moving average is $9.79. Brookline Bancorp has a 52 week low of $7.00 and a 52 week high of $11.52. The company has a market cap of $840.02 million, a PE ratio of 10.90 and a beta of 0.75.

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Thursday, February 8th. Brookline Bancorp’s dividend payout ratio is presently 62.79%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRKL shares. TheStreet raised Brookline Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. StockNews.com raised Brookline Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Piper Sandler reissued an “overweight” rating and issued a $12.00 price target on shares of Brookline Bancorp in a report on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brookline Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $11.38.

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.