Brookline Bancorp, Inc. (NASDAQ:BRKL) issued its quarterly earnings results on Wednesday. The bank reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01, Briefing.com reports. The company had revenue of $60.10 million during the quarter, compared to analyst estimates of $58.08 million. Brookline Bancorp had a net margin of 19.19% and a return on equity of 7.54%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS.

Brookline Bancorp (BRKL) traded up 1.37% during mid-day trading on Wednesday, hitting $14.75. 355,375 shares of the company were exchanged. The company has a 50 day moving average of $14.46 and a 200 day moving average of $15.08. The stock has a market cap of $1.13 billion, a P/E ratio of 19.67 and a beta of 0.97. Brookline Bancorp has a 12-month low of $11.07 and a 12-month high of $17.45.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.44%. Brookline Bancorp’s dividend payout ratio is currently 48.00%.

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BRKL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $17.00 to $16.50 in a research note on Thursday, April 27th. BidaskClub lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $15.00 price target on shares of Brookline Bancorp in a research note on Friday, July 14th.

In other news, General Counsel Michael W. Mccurdy sold 4,895 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $14.20, for a total value of $69,509.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John M. Pereira bought 10,000 shares of Brookline Bancorp stock in a transaction dated Thursday, April 27th. The stock was acquired at an average cost of $14.50 per share, for a total transaction of $145,000.00. The disclosure for this purchase can be found here. 2.85% of the stock is currently owned by company insiders.

About Brookline Bancorp

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.

Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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