Brookline Bancorp (NASDAQ:BRKL) Issues Earnings Results

Brookline Bancorp (NASDAQ:BRKL) released its quarterly earnings data on Wednesday. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03, Yahoo Finance reports. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. The firm had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same quarter in the previous year, the company posted $0.26 earnings per share.

Brookline Bancorp Stock Up 2.6 %

Shares of BRKL stock traded up $0.27 during trading hours on Friday, reaching $10.81. The company had a trading volume of 161,046 shares, compared to its average volume of 500,330. The company has a market cap of $960.95 million, a price-to-earnings ratio of 11.33 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.11 and a quick ratio of 1.11. Brookline Bancorp has a 12 month low of $7.93 and a 12 month high of $11.52. The business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.39.

Brookline Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 5.00%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp’s dividend payout ratio is currently 58.06%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target 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.