Brookline Bancorp (BRKL) Set to Announce Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL) will be releasing its earnings data after the market closes on Wednesday, October 23rd. Parties interested in participating in the company’s conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, July 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The company had revenue of $70.61 million during the quarter, compared to analyst estimates of $71.30 million. Brookline Bancorp had a net margin of 23.77% and a return on equity of 9.60%. During the same period in the prior year, the firm posted $0.26 EPS.

NASDAQ:BRKL opened at $15.29 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $14.72. The company has a market cap of $1.20 billion, a P/E ratio of 14.29 and a beta of 0.89. Brookline Bancorp has a 52-week low of $12.84 and a 52-week high of $16.34.

BRKL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods set a $16.00 target price on Brookline Bancorp and gave the company a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded Brookline Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. ValuEngine raised Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub raised Brookline Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.75.

In other Brookline Bancorp news, insider James J. Mccarthy sold 20,155 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $14.73, for a total transaction of $296,883.15. Following the transaction, the insider now owns 14,396 shares of the company’s stock, valued at $212,053.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Michael W. Mccurdy sold 4,704 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $14.03, for a total value of $65,997.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,859 shares of company stock worth $392,720. Company insiders own 2.54% of the company’s stock.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits.

Recommended Story: Buy Rating

Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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