Equity research analysts predict that Brookline Bancorp, Inc. (NASDAQ: BRKL – Get a rating) will report earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks. Two analysts released earnings estimates for Brookline Bancorp. The lowest EPS estimate is $0.31 and the highest is $0.32. Brookline Bancorp reported earnings of $0.34 per share in the same quarter last year, suggesting a negative 5.9% year-over-year growth rate. The company is expected to release its next results after the market closes on Monday, January 1.
On average, analysts expect Brookline Bancorp to report annual earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.30 to $1.34. For the next fiscal year, analysts expect the company to post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts who follow Brookline Bancorp.
Brookline Bancorp (NASDAQ: BRKL – Get a rating) last reported results on Wednesday, January 26. The bank reported earnings per share of $0.37 for the quarter, beating the Zacks consensus estimate of $0.34 by $0.03. The company posted revenue of $82.16 million in the quarter, versus analyst estimates of $76.06 million. Brookline Bancorp had a net margin of 34.10% and a return on equity of 11.87%. In the same quarter of the previous year, the company achieved EPS of $0.34.
Several research companies have recently published reports on BRKL. Zacks Investment Research downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a Wednesday, March 30, report. StockNews.com began covering Brookline Bancorp shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
In other news, Director David C. Chapin sold 10,000 shares of the company in a transaction that took place on Wednesday, February 2. The shares were sold at an average price of $16.94, for a total transaction of $169,400.00. The sale was disclosed in an SEC filing, which is available via this hyperlink. 2.80% of the shares are currently held by company insiders.
Major investors have recently changed their stake in the company. US Asset Management LLC bought a new stake in Brookline Bancorp in the third quarter valued at around $52,000. KBC Group NV acquired a new stake in Brookline Bancorp in the third quarter worth approximately $62,000. Nisa Investment Advisors LLC increased its stake in 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 an additional 2,800 shares last quarter. Trust Co. of Vermont bought a new stake in Brookline Bancorp in the fourth quarter valued at around $113,000. Finally, Charles Carroll Financial Partners LLC purchased a new stake in Brookline Bancorp in the fourth quarter valued at approximately $156,000. 80.60% of the shares are held by hedge funds and other institutional investors.
NASDAQ: BRKL opened at $14.76 on Friday. The company’s 50-day moving average is $16.14 and its 200-day moving average is $16.27. Brookline Bancorp has a 52-week low of $13.23 and a 52-week high of $17.74. The company has a debt ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $1.15 billion, a price-earnings ratio of 9.97 and a beta of 0.66.
The company also recently announced a quarterly dividend, which was paid on Friday, February 25. Shareholders of record on Friday, February 11 received a dividend of $0.125 per share. The ex-dividend date was Thursday, February 10. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 3.39%. Brookline Bancorp’s payout ratio is 33.78%.
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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