Brookline Bancorp (NASDAQ:BRKL) Issues Earnings Results

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03, Yahoo Finance reports. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. The firm had revenue of $165.91 million for the quarter, compared to analysts' expectations of $88.67 million. During the same quarter in the prior year, the business earned $0.26 EPS.

Brookline Bancorp Price Performance

Brookline Bancorp stock traded up $0.32 during mid-day trading on Friday, hitting $10.86. The stock had a trading volume of 469,062 shares, compared to its average volume of 501,867. Brookline Bancorp has a one year low of $7.93 and a one year high of $11.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $965.40 million, a P/E ratio of 11.33 and a beta of 0.78. The firm's 50 day moving average is $10.09 and its 200 day moving average is $9.39.

Brookline Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Friday, November 15th. Brookline Bancorp's dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Brookline Bancorp from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Friday, July 26th.

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.