$0.20 EPS Expected for Brookline Bancorp, Inc. (BRKL) This Quarter
Analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to report $0.20 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Brookline Bancorp’s earnings. Brookline Bancorp reported earnings per share of $0.18 in the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 19th.
On average, analysts expect that Brookline Bancorp will report full-year earnings of $0.80 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.84 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Brookline Bancorp.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, April 26th. The bank reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $69 million for the quarter, compared to analysts’ expectations of $56.36 million. Brookline Bancorp had a net margin of 19.97% and a return on equity of 7.53%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share.
Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $17.00 to $16.50 in a report on Thursday, April 27th. Compass Point raised shares of Brookline Bancorp from a “neutral” rating to a “buy” rating in a report on Thursday, January 26th.
In other Brookline Bancorp news, Director John M. Pereira bought 10,000 shares of Brookline Bancorp stock in a transaction that occurred on Thursday, April 27th. The shares were bought at an average price of $14.50 per share, with a total value of $145,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.82% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Brookline Bancorp by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 7,790 shares of the bank’s stock valued at $121,000 after buying an additional 160 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Brookline Bancorp by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the bank’s stock valued at $449,000 after buying an additional 300 shares in the last quarter. Moors & Cabot Inc. raised its position in Brookline Bancorp by 0.8% in the third quarter. Moors & Cabot Inc. now owns 78,872 shares of the bank’s stock valued at $956,000 after buying an additional 625 shares in the last quarter. Hartford Investment Management Co. boosted its stake in shares of Brookline Bancorp by 5.7% in the third quarter. Hartford Investment Management Co. now owns 14,800 shares of the bank’s stock valued at $180,000 after buying an additional 800 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of Brookline Bancorp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 16,499 shares of the bank’s stock valued at $258,000 after buying an additional 1,086 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors.
Brookline Bancorp (NASDAQ:BRKL) opened at 14.35 on Wednesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 19.13 and a beta of 0.88. The stock’s 50 day moving average is $14.98 and its 200-day moving average is $15.27. Brookline Bancorp has a one year low of $10.40 and a one year high of $17.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, May 10th. Brookline Bancorp’s dividend payout ratio is currently 48.65%.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.
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