Brookline Bancorp, Inc. (BRKL) Releases Earnings Results

Brookline Bancorp, Inc. (NASDAQ:BRKL) announced its earnings results on Tuesday. The bank reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20, reports. Brookline Bancorp had a net margin of 19.64% and a return on equity of 7.56%. During the same period in the prior year, the firm earned $0.19 earnings per share.

Brookline Bancorp (NASDAQ:BRKL) traded up 0.95% during midday trading on Wednesday, hitting $16.00. 349,853 shares of the company were exchanged. The stock has a market capitalization of $1.23 billion, a PE ratio of 20.78 and a beta of 0.99. The firm’s 50-day moving average price is $15.02 and its 200-day moving average price is $14.62. Brookline Bancorp has a one year low of $12.35 and a one year high of $17.45.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.25%. Brookline Bancorp’s dividend payout ratio is presently 46.75%.

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BRKL has been the subject of a number of research analyst reports. BidaskClub raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Sandler O’Neill raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday, August 21st. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $15.00 target price on shares of Brookline Bancorp in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.83.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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