Brookline Bancorp Price Target Cut to $10.00 (BRKL)
Equities research analysts at Raymond James cut their price objective on shares of Brookline Bancorp (NASDAQ:BRKL) from $10.50 to $10.00 in a research note issued to investors on Friday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 12.11% from the stock’s previous close.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Brookline Bancorp from $9.50 to $10.00 in a research note to investors on Tuesday, September 24th.
Brookline Bancorp (NASDAQ:BRKL) traded down 2.62% on Friday, hitting $8.92. 480,788 shares of the company’s stock traded hands. Brookline Bancorp has a one year low of $7.54 and a one year high of $10.10. The stock has a 50-day moving average of $9.5 and a 200-day moving average of $9.04. The company has a market cap of $623.0 million and a price-to-earnings ratio of 15.53.
Brookline Bancorp (NASDAQ:BRKL) last announced its earnings results on Wednesday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. During the same quarter in the previous year, the company posted $0.16 earnings per share. Analysts expect that Brookline Bancorp will post $0.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.09 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, November 6th.
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank (NASDAQ:BRKL) and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp.
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