Brokerages Expect Brookline Bancorp, Inc. (BRKL) to Announce $0.24 EPS

Analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to post earnings per share of $0.24 for the current fiscal quarter, Zacks Investment Research 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 26.3%. The firm is scheduled to issue its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Brookline Bancorp will report full year earnings of $1.05 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $1.15 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brookline Bancorp.

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Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Brookline Bancorp had a net margin of 17.11% and a return on equity of 7.58%. The business had revenue of $63.47 million during the quarter, compared to analysts’ expectations of $61.22 million. During the same period in the previous year, the business posted $0.19 EPS.

Several research firms have recently weighed in on BRKL. BidaskClub lowered shares of Brookline Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Brookline Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $16.50 target price on shares of Brookline Bancorp in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.33.

In other Brookline Bancorp news, Director John A. Hackett sold 5,000 shares of Brookline Bancorp stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the sale, the director now owns 31,500 shares of the company’s stock, valued at approximately $511,875. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles H. Peck sold 10,000 shares of Brookline Bancorp stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $16.43, for a total transaction of $164,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 47,500 shares of company stock valued at $784,850. 2.85% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ellington Management Group LLC acquired a new stake in Brookline Bancorp during the 4th quarter worth $185,000. Sei Investments Co. acquired a new position in shares of Brookline Bancorp during the 3rd quarter valued at about $197,000. Xact Kapitalforvaltning AB acquired a new position in shares of Brookline Bancorp during the 4th quarter valued at about $232,000. New England Research & Management Inc. acquired a new position in Brookline Bancorp in the fourth quarter valued at about $254,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Brookline Bancorp in the fourth quarter valued at about $276,000. 78.45% of the stock is currently owned by institutional investors.

NASDAQ BRKL traded down $0.25 on Monday, hitting $16.10. 367,962 shares of the company’s stock traded hands, compared to its average volume of 309,952. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. Brookline Bancorp has a 1-year low of $13.60 and a 1-year high of $17.20. The stock has a market cap of $1,256.13, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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About Brookline Bancorp

Brookline Bancorp, Inc operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts.

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