Brookline Bancorp (BRKL) to Release Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.23 per share and revenue of $91.38 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Brookline Bancorp had a net margin of 10.51% and a return on equity of 5.94%. 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 Price Performance

NASDAQ:BRKL traded up $0.09 on Friday, hitting $9.89. The company had a trading volume of 436,346 shares, compared to its average volume of 584,361. Brookline Bancorp has a 52 week low of $8.01 and a 52 week high of $13.15. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $889.70 million, a price-to-earnings ratio of 12.84 and a beta of 0.71. The firm has a 50 day moving average of $10.92 and a two-hundred day moving average of $11.49.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Friday, February 14th. Brookline Bancorp's payout ratio is 70.13%.

Analyst Ratings Changes

A number of brokerages have issued reports on BRKL. StockNews.com initiated coverage on Brookline Bancorp in a report on Thursday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an "outperform" rating to a "market perform" rating and set a $14.50 price objective for the company. in a research note on Tuesday, December 24th.

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.