Brookline Bancorp (NASDAQ:BRKL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Brookline Bancorp (NASDAQ:BRKL) issued its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Brookline Bancorp had a return on equity of 5.95% and a net margin of 10.51%.

Brookline Bancorp Stock Up 2.0 %

Shares of NASDAQ:BRKL opened at $12.29 on Friday. Brookline Bancorp has a 1-year low of $8.01 and a 1-year high of $13.15. The stock has a market cap of $1.10 billion, a P/E ratio of 15.96 and a beta of 0.79. The firm has a fifty day moving average price of $12.11 and a 200 day moving average price of $11.03. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13.

Brookline Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Friday, February 14th. Brookline Bancorp’s dividend payout ratio is currently 70.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BRKL shares. Keefe, Bruyette & Woods downgraded shares of Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a research note on Tuesday, December 24th. StockNews.com started coverage on Brookline Bancorp in a research note on Monday. They set a “hold” rating for the company. Finally, Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Friday, December 20th.

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.