Brookline Bancorp (BRKL) Scheduled to Post Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Brookline Bancorp to post earnings of $0.20 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $161.75 million during the quarter, compared to analysts' expectations of $89.40 million. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. During the same period in the previous year, the company earned $0.26 EPS. On average, analysts expect Brookline Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Brookline Bancorp Stock Up 1.5 %

NASDAQ BRKL traded up $0.16 on Wednesday, reaching $10.72. 826,084 shares of the stock traded hands, compared to its average volume of 503,744. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.11 and a current ratio of 1.11. Brookline Bancorp has a 12 month low of $7.93 and a 12 month high of $11.52. The company has a fifty day moving average price of $9.97 and a 200-day moving average price of $9.35. The company has a market cap of $952.95 million, a price-to-earnings ratio of 11.53 and a beta of 0.78.

Brookline Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.54 annualized dividend and a dividend yield of 5.04%. Brookline Bancorp's dividend payout ratio is currently 58.06%.

Analyst Ratings Changes

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

About Brookline Bancorp

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.