Brookline Bancorp (BRKL) Set to Announce Earnings on Thursday

Brookline Bancorp (NASDAQ:BRKL) is set to post its quarterly earnings results after the market closes on Thursday, January 25th. Analysts expect Brookline Bancorp to post earnings of $0.20 per share for the quarter.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $62.82 million for the quarter, compared to analyst estimates of $60.37 million. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. During the same period last year, the business posted $0.19 earnings per share. On average, analysts expect Brookline Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Brookline Bancorp (NASDAQ:BRKL) opened at $16.35 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1,250.00, a price-to-earnings ratio of 20.96 and a beta of 0.97. Brookline Bancorp has a twelve month low of $13.60 and a twelve month high of $17.45.

In related news, Director John A. Hackett sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $15.00, for a total transaction of $30,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hall II acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $15.48 per share, for a total transaction of $309,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 142,255 shares of company stock worth $2,138,396. 2.85% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $16.50 target price on shares of Brookline Bancorp in a report on Tuesday, January 9th. BidaskClub lowered shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Sandler O’Neill lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brookline Bancorp currently has an average rating of “Hold” and a consensus target price of $16.33.

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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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