Brookline Bancorp, Inc. (NASDAQ:BRKL) announced a quarterly dividend on Wednesday, October 18th, RTT News reports. Investors of record on Friday, November 3rd will be given a dividend of 0.09 per share by the bank on Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 2.25%.

Brookline Bancorp (BRKL) traded up 0.95% during mid-day trading on Wednesday, reaching $16.00. The company had a trading volume of 349,853 shares. The stock has a market capitalization of $1.23 billion, a P/E ratio of 20.78 and a beta of 0.99. The stock has a 50 day moving average price of $14.89 and a 200-day moving average price of $14.61. Brookline Bancorp has a 12-month low of $12.20 and a 12-month high of $17.45.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $60.10 million for the quarter, compared to analyst estimates of $58.08 million. Brookline Bancorp had a return on equity of 7.56% and a net margin of 19.64%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Equities analysts anticipate that Brookline Bancorp will post $0.79 EPS for the current fiscal year.

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A number of brokerages have weighed in on BRKL. BidaskClub upgraded Brookline Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “hold” rating and issued a $15.00 target price on shares of Brookline Bancorp in a research note on Friday, July 14th. Finally, Sandler O’Neill upgraded Brookline Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.83.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

Dividend History for Brookline Bancorp (NASDAQ:BRKL)

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