Brookline Bancorp (NASDAQ:BRKL - Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Brookline Bancorp had a net margin of 11.40% and a return on equity of 6.20%.
Brookline Bancorp Stock Performance
Brookline Bancorp stock traded down $0.03 on Wednesday, reaching $12.05. 491,339 shares of the stock were exchanged, compared to its average volume of 571,030. The stock has a market cap of $1.07 billion, a PE ratio of 14.52 and a beta of 0.79. The firm has a fifty day moving average price of $12.11 and a two-hundred day moving average price of $11.01. Brookline Bancorp has a twelve month low of $8.01 and a twelve month high of $13.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Brookline Bancorp in a research note on Monday. They set a "hold" rating on the stock. Keefe, Bruyette & Woods cut Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price target for the company. in a research report on Tuesday, December 24th. Finally, Raymond James upgraded Brookline Bancorp from a "market perform" rating to a "strong-buy" rating and set a $16.00 price target for the company in a research note on Friday, December 20th.
Get Our Latest Stock Report on Brookline Bancorp
About Brookline Bancorp
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Brookline Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookline Bancorp wasn't on the list.
While Brookline Bancorp currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
