Brookline Bancorp (BRKL) to Release Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL) is expected to be issuing its Q1 2025 quarterly earnings data 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.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly 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 Stock Performance

BRKL opened at $9.75 on Tuesday. Brookline Bancorp has a 52-week low of $8.01 and a 52-week high of $13.15. The firm’s 50-day moving average price is $10.87 and its 200-day moving average price is $11.49. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The company has a market cap of $877.11 million, a P/E ratio of 12.66 and a beta of 0.71.

Brookline Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.54 annualized dividend and a yield of 5.54%. Brookline Bancorp’s payout ratio is presently 70.13%.

Wall Street Analysts Forecast Growth

BRKL has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price objective on the stock. in a report on Tuesday, December 24th. StockNews.com assumed coverage on Brookline Bancorp in a research note on Thursday, April 17th. They issued a “hold” rating for the company.

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.