Wall Street analysts forecast that Brookline Bancorp, Inc. (NASDAQ:BRKL) will post earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Brookline Bancorp’s earnings. Brookline Bancorp reported earnings per share of $0.19 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, January 31st.

On average, analysts expect that Brookline Bancorp will report full-year earnings of $0.80 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $0.90 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Brookline Bancorp.

Brookline Bancorp (NASDAQ:BRKL) last released its earnings results on Wednesday, October 18th. The bank reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $62.82 million during the quarter, compared to the consensus estimate of $60.37 million. Brookline Bancorp had a net margin of 19.82% and a return on equity of 7.52%. During the same quarter last year, the firm earned $0.19 earnings per share.

A number of research firms recently weighed in on BRKL. Sandler O’Neill downgraded shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 target price on shares of Brookline Bancorp in a research report on Tuesday. Finally, BidaskClub downgraded shares of Brookline Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Brookline Bancorp currently has an average rating of “Hold” and an average target price of $16.33.

Brookline Bancorp (BRKL) traded up $0.10 during trading on Friday, reaching $16.10. 255,003 shares of the company were exchanged, compared to its average volume of 355,086. The company has a market capitalization of $1,230.00, a P/E ratio of 20.64 and a beta of 0.97. Brookline Bancorp has a 1-year low of $13.60 and a 1-year high of $17.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21.

In other Brookline Bancorp news, insider M Robert Rose sold 12,500 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $16.07, for a total value of $200,875.00. Following the completion of the sale, the insider now owns 35,277 shares in the company, valued at $566,901.39. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Peck sold 16,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $16.38, for a total transaction of $262,080.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,255 shares of company stock valued at $2,138,396. 2.85% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new stake in Brookline Bancorp in the second quarter valued at $150,000. Virtu KCG Holdings LLC acquired a new stake in Brookline Bancorp in the second quarter valued at $176,000. Victory Capital Management Inc. lifted its stake in Brookline Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 12,137 shares of the bank’s stock valued at $177,000 after acquiring an additional 1,819 shares during the last quarter. Sei Investments Co. acquired a new stake in Brookline Bancorp in the third quarter valued at $197,000. Finally, Engineers Gate Manager LP acquired a new stake in Brookline Bancorp in the second quarter valued at $228,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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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.

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