Brookline Bancorp (NASDAQ:BRKL) Releases Earnings Results, Beats Estimates By $0.03 EPS

Brookline Bancorp (NASDAQ:BRKL) issued its quarterly earnings data on Wednesday. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03, Yahoo Finance reports. Brookline Bancorp had a return on equity of 6.51% and a net margin of 12.04%. The company had revenue of $165.91 million during the quarter, compared to analyst estimates of $88.67 million. During the same quarter in the previous year, the company posted $0.26 earnings per share.

Brookline Bancorp Stock Performance

Brookline Bancorp stock traded up $0.32 during trading on Friday, reaching $10.86. The company had a trading volume of 469,062 shares, compared to its average volume of 501,867. The firm’s 50-day simple moving average is $10.09 and its 200 day simple moving average is $9.39. Brookline Bancorp has a 52 week low of $7.93 and a 52 week high of $11.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $965.40 million, a price-to-earnings ratio of 11.33 and a beta of 0.78.

Brookline Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.135 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.97%. Brookline Bancorp’s dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

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.