Zacks: Analysts Expect Brookline Bancorp, Inc. (BRKL) Will Post Earnings of $0.21 Per Share

Equities analysts predict that Brookline Bancorp, Inc. (NASDAQ:BRKL) will post earnings per share (EPS) of $0.21 for the current quarter, according to Zacks. Zero analysts have issued estimates for Brookline Bancorp’s earnings. Brookline Bancorp posted earnings per share of $0.19 during the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Brookline Bancorp will report full year earnings of $0.90 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $1.00 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Brookline Bancorp.

Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 31st. The bank reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $63.47 million for the quarter, compared to the consensus estimate of $61.22 million. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. During the same period last year, the firm posted $0.19 EPS.

A number of research firms recently commented on BRKL. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 target price on shares of Brookline Bancorp in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Sandler O’Neill downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th.

In other Brookline Bancorp news, Director John A. Hackett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the transaction, the director now directly owns 31,500 shares of the company’s stock, valued at approximately $511,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James M. Cosman sold 12,500 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $16.76, for a total transaction of $209,500.00. The disclosure for this sale can be found here. Insiders sold a total of 51,500 shares of company stock worth $838,830 over the last ninety days. Insiders own 2.85% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Amalgamated Bank purchased a new position in Brookline Bancorp during the 2nd quarter worth $150,000. Virtu KCG Holdings LLC purchased a new position in Brookline Bancorp during the 2nd quarter worth $176,000. Sei Investments Co. purchased a new position in Brookline Bancorp during the 3rd quarter worth $197,000. Piedmont Investment Advisors LLC purchased a new position in Brookline Bancorp during the 2nd quarter worth $245,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Brookline Bancorp during the 3rd quarter worth $252,000. 77.42% of the stock is currently owned by institutional investors.

Brookline Bancorp (BRKL) opened at $16.20 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $1,211.19, a price-to-earnings ratio of 23.82 and a beta of 0.95. Brookline Bancorp has a 52-week low of $13.60 and a 52-week high of $17.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, February 15th. Brookline Bancorp’s dividend payout ratio (DPR) is 52.94%.

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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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