Brookline Bancorp (BRKL) to Release Quarterly Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Brookline Bancorp had a return on equity of 7.87% and a net margin of 12.31%. The firm had revenue of $160.35 million during the quarter, compared to the consensus estimate of $89.38 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. 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 Price Performance

Shares of BRKL traded down $0.04 during mid-day trading on Wednesday, reaching $8.97. The company had a trading volume of 256,462 shares, compared to its average volume of 448,886. The company has a market capitalization of $804.16 million, a price-to-earnings ratio of 10.43 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50 day simple moving average is $9.64 and its 200 day simple moving average is $9.77. Brookline Bancorp has a 1-year low of $7.00 and a 1-year high of $11.52.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.135 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.54 dividend on an annualized basis and a yield of 6.02%. Brookline Bancorp's dividend payout ratio is currently 62.79%.

Hedge Funds Weigh In On Brookline Bancorp

Hedge funds have recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Brookline Bancorp by 337.3% during the 1st quarter. Quarry LP now owns 2,589 shares of the bank's stock worth $27,000 after buying an additional 1,997 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Brookline Bancorp during the 4th quarter valued at $32,000. Tower Research Capital LLC TRC boosted its stake in Brookline Bancorp by 155.6% during the third quarter. Tower Research Capital LLC TRC now owns 4,473 shares of the bank's stock worth $41,000 after acquiring an additional 2,723 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Brookline Bancorp in the first quarter worth $45,000. Finally, Point72 Asset Management L.P. bought a new stake in Brookline Bancorp in the fourth quarter valued at $49,000. Institutional investors own 78.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BRKL shares. Piper Sandler reiterated an "overweight" rating and issued a $12.00 price target on shares of Brookline Bancorp in a research note on Wednesday, March 27th. StockNews.com upgraded shares of Brookline Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, January 25th. Finally, TheStreet raised shares of Brookline Bancorp from a "c+" rating to a "b-" rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.38.

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.