Brookline Bancorp Inc. (BRKL) Set to Announce Quarterly Earnings on Wednesday
Brookline Bancorp Inc. (NASDAQ:BRKL) is scheduled to release its Q316 earnings data on Wednesday, October 19th. Analysts expect Brookline Bancorp to post earnings of $0.18 per share and revenue of $51.22 million for the quarter.
Shares of Brookline Bancorp Inc. (NASDAQ:BRKL) opened at 12.25 on Tuesday. The company’s 50-day moving average price is $12.03 and its 200-day moving average price is $11.46. The company has a market capitalization of $863.82 million, a price-to-earnings ratio of 16.78 and a beta of 0.87. Brookline Bancorp Inc. has a 52-week low of $9.91 and a 52-week high of $12.44.
In other Brookline Bancorp news, General Counsel Michael W. Mccurdy sold 9,200 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $11.80, for a total transaction of $108,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.82% of the company’s stock.
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Several large investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in Brookline Bancorp by 0.6% in the second quarter. Profund Advisors LLC now owns 14,962 shares of the company’s stock worth $165,000 after buying an additional 90 shares during the last quarter. BlackRock Inc. increased its stake in Brookline Bancorp by 249.7% in the second quarter. BlackRock Inc. now owns 17,206 shares of the company’s stock worth $190,000 after buying an additional 12,286 shares during the last quarter. BlackRock Advisors LLC increased its stake in Brookline Bancorp by 3.5% in the second quarter. BlackRock Advisors LLC now owns 34,529 shares of the company’s stock worth $381,000 after buying an additional 1,158 shares during the last quarter. Arizona State Retirement System increased its stake in Brookline Bancorp by 1.4% in the second quarter. Arizona State Retirement System now owns 36,539 shares of the company’s stock worth $403,000 after buying an additional 500 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in Brookline Bancorp during the second quarter worth $824,000. Institutional investors own 74.66% of the company’s stock.
A number of research firms recently commented on BRKL. Compass Point lifted their price target on Brookline Bancorp from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Keefe, Bruyette & Woods upgraded shares of Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Friday, July 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Brookline Bancorp presently has a consensus rating of “Buy” and an average price target of $12.63.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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