StockNews.com assumed coverage on shares of Brookline Bancorp (NASDAQ:BRKL – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the bank’s stock.
Brookline Bancorp Stock Performance
Shares of Brookline Bancorp stock opened at $10.44 on Friday. Brookline Bancorp has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a market capitalization of $939.18 million, a PE ratio of 13.56 and a beta of 0.71. The stock’s fifty day moving average is $10.75 and its two-hundred day moving average is $11.48. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.
Brookline Bancorp (NASDAQ:BRKL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The company had revenue of $91.49 million during the quarter, compared to analysts’ expectations of $91.38 million. As a group, analysts expect that Brookline Bancorp will post 1.35 earnings per share for the current year.
Institutional Inflows and Outflows
About Brookline Bancorp
Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.
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