Brookline Bancorp (BRKL) to Release Quarterly Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKLGet Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 27th. Analysts expect Brookline Bancorp to post earnings of $0.31 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKLGet Rating) last issued its quarterly earnings data on Wednesday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. Brookline Bancorp had a return on equity of 11.87% and a net margin of 34.10%. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $76.06 million. During the same period last year, the business earned $0.34 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 NASDAQ BRKL opened at $15.14 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $1.18 billion, a P/E ratio of 10.23 and a beta of 0.66. The business has a 50-day moving average of $16.27. Brookline Bancorp has a 1-year low of $13.23 and a 1-year high of $17.74.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Friday, February 11th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, February 10th. Brookline Bancorp’s dividend payout ratio is 33.78%.

In other news, Director David C. Chapin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $16.94, for a total value of $169,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

A number of large investors have recently modified their holdings of BRKL. Goldman Sachs Group Inc. raised its holdings in Brookline Bancorp by 4.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,727,380 shares of the bank’s stock worth $44,156,000 after purchasing an additional 109,124 shares during the period. Morgan Stanley raised its stake in Brookline Bancorp by 14.0% during the 2nd quarter. Morgan Stanley now owns 936,882 shares of the bank’s stock worth $14,007,000 after buying an additional 114,883 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Brookline Bancorp by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,481 shares of the bank’s stock worth $11,795,000 after acquiring an additional 9,434 shares in the last quarter. Norges Bank acquired a new position in Brookline Bancorp in the fourth quarter valued at about $11,724,000. Finally, Invesco Ltd. increased its holdings in shares of Brookline Bancorp by 74.0% in the fourth quarter. Invesco Ltd. now owns 468,068 shares of the bank’s stock worth $7,578,000 after acquiring an additional 199,059 shares in the last quarter. 80.60% of the stock is owned by hedge funds and other institutional investors.

BRKL has been the subject of a number of recent research reports. Zacks Investment Research downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. StockNews.com started coverage on shares of Brookline Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Brookline Bancorp Company Profile (Get Rating)

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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Earnings History for Brookline Bancorp (NASDAQ:BRKL)

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