Brookline Bancorp, Inc. (BRKL) Announces Quarterly Earnings Results

Brookline Bancorp, Inc. (NASDAQ:BRKL) announced its quarterly earnings data on Tuesday. The bank reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20, Briefing.com reports. Brookline Bancorp had a return on equity of 7.56% and a net margin of 19.64%. During the same quarter in the previous year, the company earned $0.19 EPS.

Brookline Bancorp (NASDAQ BRKL) traded up 0.95% during trading on Wednesday, hitting $16.00. The stock had a trading volume of 349,853 shares. Brookline Bancorp has a 52 week low of $12.35 and a 52 week high of $17.45. The company has a market cap of $1.23 billion, a PE ratio of 20.78 and a beta of 0.99. The stock has a 50-day moving average price of $15.02 and a 200-day moving average price of $14.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.25%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 46.75%.

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Several analysts have issued reports on the company. Piper Jaffray Companies restated a “hold” rating and set a $15.00 price objective on shares of Brookline Bancorp in a research note on Friday, July 14th. BidaskClub cut Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Sandler O’Neill upgraded Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Brookline Bancorp presently has a consensus rating of “Hold” and a consensus target price of $15.83.

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

Brookline Bancorp (NASDAQ BRKL) traded up 0.95% during trading on Wednesday, hitting $16.00. The stock had a trading volume of 349,853 shares. Brookline Bancorp has a 52 week low of $12.35 and a 52 week high of $17.45. The company has a market cap of $1.23 billion, a PE ratio of 20.78 and a beta of 0.99. The stock has a 50-day moving average price of $15.02 and a 200-day moving average price of $14.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.25%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 46.75%.

COPYRIGHT VIOLATION WARNING: “Brookline Bancorp, Inc. (BRKL) Announces Quarterly Earnings Results” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/18/brookline-bancorp-inc-brkl-announces-quarterly-earnings-results.html.

Several analysts have issued reports on the company. Piper Jaffray Companies restated a “hold” rating and set a $15.00 price objective on shares of Brookline Bancorp in a research note on Friday, July 14th. BidaskClub cut Brookline Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Sandler O’Neill upgraded Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Brookline Bancorp presently has a consensus rating of “Hold” and a consensus target price of $15.83.

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.

Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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