Stock analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL – Get Rating) to post earnings of $0.34 per share for the current quarter, reports Zacks Investment Research. Two analysts have made earnings estimates for Brookline Bancorp. Brookline Bancorp reported earnings of $0.40 per share in the same quarter last year, indicating a negative 15% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Brookline Bancorp to report annual earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.39. For next year, analysts expect the company to post earnings of $1.47 per share, with EPS estimates ranging from $1.35 to $1.58. Zacks’ EPS calculations are an average based on a survey of research companies that cover Brookline Bancorp.
Brookline Bancorp (NASDAQ:BRKL – Get Rating) last reported quarterly earnings data on Wednesday, April 27. The bank reported earnings per share of $0.32 for the quarter, matching the consensus estimate of $0.32. Brookline Bancorp had a net margin of 33.85% and a return on equity of 11.58%. The company posted revenue of $75.38 million for the quarter, versus analyst estimates of $76.14 million. In the same quarter a year earlier, the company earned $0.34 per share.
A number of research firms have recently weighed in on BRKL. StockNews.com began covering Brookline Bancorp shares in a research report on Thursday, March 31. They set a “hold” rating for the company. Compass Point lowered its price target on Brookline Bancorp stock to $18.00 in a Wednesday, May 25 research report. Finally, Zacks Investment Research upgraded Brookline Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $16.00 on the stock in a Monday, May 2 research report. .
A number of institutional investors have recently increased or reduced their stake in BRKL. Quantbot Technologies LP bought a new position in shares of Brookline Bancorp in the first quarter for a value of approximately $45,000. US Asset Management LLC bought a new stock position in Brookline Bancorp in Q1 valued at around $54,000. Nisa Investment Advisors LLC raised its position in shares of 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 2,800 additional shares in the last quarter. KBC Group NV increased its position in shares of Brookline Bancorp by 44.0% in the 1st quarter. KBC Group NV now owns 5,878 shares in the bank valued at $93,000 after buying an additional 1,797 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in Brookline Bancorp during Q4 worth approximately $113,000. 81.72% of the shares are currently held by institutional investors.
BRKL stock traded down $0.12 during Friday’s session, hitting $14.27. The stock had trading volume of 393,951 shares, compared to an average volume of 428,972. Brookline Bancorp has a one-year low of $13.23 and a one-year high of $17.74. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 0.40. The company’s 50-day moving average is $14.83 and its two-hundred-day moving average is $15.96. The company has a market capitalization of $1.11 billion, a price-earnings ratio of 9.77 and a beta of 0.68.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Investors of record on Friday, May 13 received a dividend of $0.13 per share. This is a positive change from Brookline Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, May 12. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 3.64%. Brookline Bancorp’s dividend payout ratio is currently 35.62%.
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.
Get a Free Copy of Zacks Research Report on Brookline Bancorp (BRKL)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Brookline Bancorp right now?
Before you consider Brookline Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Brookline Bancorp was not on the list.
Although Brookline Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here