Brookline Bancorp (BRKL) Projected to Post Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Brookline Bancorp to post earnings of $0.23 per share and revenue of $91.38 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. On average, analysts expect Brookline Bancorp to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Brookline Bancorp Price Performance

BRKL stock traded up $0.09 during trading on Friday, hitting $9.89. The company had a trading volume of 436,346 shares, compared to its average volume of 583,678. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $11.47. Brookline Bancorp has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The company has a market cap of $889.70 million, a P/E ratio of 12.84 and a beta of 0.71.

Brookline Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Friday, February 14th. Brookline Bancorp's payout ratio is 70.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BRKL shares. Raymond James upgraded shares of Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price target on the stock in a research report on Friday, December 20th. StockNews.com assumed coverage on Brookline Bancorp in a research report on Thursday. They set a "hold" rating on the stock. Finally, Keefe, Bruyette & Woods downgraded Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a research report on Tuesday, December 24th.

Brookline Bancorp Company Profile

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.