Brookline Bancorp (NASDAQ:BRKL) Issues Earnings Results

Brookline Bancorp (NASDAQ:BRKL) issued its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03, Yahoo Finance reports. The business had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 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 firm earned $0.26 EPS.

Brookline Bancorp Stock Up 3.0 %

Shares of BRKL stock traded up $0.32 during mid-day trading on Friday, reaching $10.86. 469,047 shares of the company’s stock traded hands, compared to its average volume of 501,867. Brookline Bancorp has a 12 month low of $7.93 and a 12 month high of $11.52. The company has a market cap of $965.40 million, a P/E ratio of 11.33 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $10.09 and its 200-day moving average price is $9.39.

Brookline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued 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 of this dividend is Friday, November 15th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 58.06%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a research 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.