Brookline Bancorp, Inc. (BRKL) Expected to Announce Earnings of $0.21 Per Share
Wall Street analysts forecast that Brookline Bancorp, Inc. (NASDAQ:BRKL) will post earnings of $0.21 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Brookline Bancorp’s earnings. Brookline Bancorp reported earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The company is scheduled to issue its next earnings results on Wednesday, April 25th.
On average, analysts expect that Brookline Bancorp will report full-year earnings of $0.90 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $1.00 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Brookline Bancorp.
Brookline Bancorp (NASDAQ:BRKL) last posted its earnings results on Wednesday, January 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. The company had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $61.22 million. During the same quarter in the previous year, the company posted $0.19 earnings per share.
Brookline Bancorp (NASDAQ:BRKL) remained flat at $$16.20 during mid-day trading on Friday. The company had a trading volume of 236,100 shares, compared to its average volume of 321,272. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. Brookline Bancorp has a 52 week low of $13.60 and a 52 week high of $17.05. The stock has a market cap of $1,241.85, a P/E ratio of 20.25 and a beta of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, February 15th. Brookline Bancorp’s payout ratio is 52.94%.
In related news, Director John A. Hackett sold 2,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $15.00, for a total value of $30,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles H. Peck sold 16,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was 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. Insiders have sold a total of 51,500 shares of company stock valued at $838,830 in the last quarter. Corporate insiders own 2.85% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank bought a new stake in Brookline Bancorp during the 2nd quarter worth about $150,000. Virtu KCG Holdings LLC bought a new stake in Brookline Bancorp during the 2nd quarter worth about $176,000. Sei Investments Co. bought a new stake in Brookline Bancorp during the 3rd quarter worth about $197,000. New England Research & Management Inc. bought a new stake in Brookline Bancorp during the 4th quarter worth about $254,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Brookline Bancorp during the 3rd quarter worth about $252,000. 76.60% of the stock is owned by hedge funds and other institutional investors.
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About Brookline Bancorp
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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