Brookline Bancorp Inc. (BRKL) Scheduled to Post Earnings on Wednesday
Brookline Bancorp Inc. (NASDAQ:BRKL) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect Brookline Bancorp to post earnings of $0.18 per share and revenue of $51.22 million for the quarter.
Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Brookline Bancorp had a return on equity of 7.59% and a net margin of 20.27%. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts expect Brookline Bancorp to post $0.76 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Shares of Brookline Bancorp Inc. (NASDAQ:BRKL) opened at 12.26 on Monday. The firm has a market cap of $864.53 million, a P/E ratio of 16.79 and a beta of 0.87. The company’s 50 day moving average price is $12.01 and its 200-day moving average price is $11.45. Brookline Bancorp Inc. has a 12-month low of $9.91 and a 12-month high of $12.44.
BRKL has been the topic of a number of recent analyst reports. Compass Point increased their price objective on Brookline Bancorp from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Keefe, Bruyette & Woods upgraded Brookline Bancorp from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Friday, July 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Brookline Bancorp currently has an average rating of “Buy” and a consensus target price of $12.63.
In related news, General Counsel Michael W. Mccurdy sold 9,200 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $11.80, for a total value of $108,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.82% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC boosted its stake in shares of Brookline Bancorp by 0.6% in the second quarter. Profund Advisors LLC now owns 14,962 shares of the company’s stock worth $165,000 after buying an additional 90 shares during the period. BlackRock Inc. boosted its stake in shares of Brookline Bancorp by 249.7% in the second quarter. BlackRock Inc. now owns 17,206 shares of the company’s stock worth $190,000 after buying an additional 12,286 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Brookline Bancorp by 3.5% in the second quarter. BlackRock Advisors LLC now owns 34,529 shares of the company’s stock worth $381,000 after buying an additional 1,158 shares during the period. Arizona State Retirement System boosted its stake in shares of Brookline Bancorp by 1.4% in the second quarter. Arizona State Retirement System now owns 36,539 shares of the company’s stock worth $403,000 after buying an additional 500 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Brookline Bancorp during the second quarter worth about $824,000. 74.67% of the stock is owned by hedge funds and other institutional investors.
Brookline Bancorp Company Profile
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England.
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