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, April 24th. Analysts expect Brookline Bancorp to post earnings of $0.22 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $160.35 million during the quarter, compared to analysts’ expectations of $89.38 million. Brookline Bancorp had a return on equity of 7.87% and a net margin of 12.31%. During the same period in the prior 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 Stock Performance

NASDAQ BRKL opened at $9.37 on Tuesday. The stock has a fifty day simple moving average of $9.59 and a 200-day simple moving average of $9.79. Brookline Bancorp has a twelve month low of $7.00 and a twelve month high of $11.52. The stock has a market cap of $840.02 million, a PE ratio of 10.90 and a beta of 0.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors 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 of this dividend was Thursday, February 8th. Brookline Bancorp’s dividend payout ratio (DPR) is 62.79%.

Wall Street Analysts Forecast Growth

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

About Brookline Bancorp

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.