$75.89 million in expected sales for Brookline Bancorp, Inc. (NASDAQ:BRKL) this quarter
Wall Street analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to achieve revenue of $75.89 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Brookline Bancorp. The highest sales estimate is $76.20 million and the lowest is $75.58 million. Brookline Bancorp reported sales of $73.90 million in the same quarter last year, indicating a positive year-over-year growth rate of 2.7%. The company is expected to release its next results on Wednesday, April 27.
According to Zacks, analysts expect Brookline Bancorp to report annual revenue of $311.59 million for the current year, with estimates ranging from $310.67 million to $312.50 million. of dollars. For the next fiscal year, analysts expect the company to record sales of $335.09 million, with estimates ranging from $333.20 million to $336.98 million. Zacks sales averages are an average based on a survey of research analysts who provide coverage for Brookline Bancorp.
Brookline Bancorp Inc (NASDAQ:BRKL) last reported quarterly results on Wednesday, January 26. The bank reported earnings per share (EPS) of $0.37 for the quarter, beating the Zacks consensus estimate of $0.33 by $0.04. Brookline Bancorp had a return on equity of 11.87% and a net margin of 34.10%. During the same period a year earlier, the company posted EPS of $0.34.
Separately, Zacks Investment Research upgraded Brookline Bancorp from a “hold” rating to a “strong-buy” rating and set a target price of $20.00 on the stock in a research note on Monday.
Shares of BRKL Stock opened at $17.08 on Wednesday. Brookline Bancorp has a 1-year low of $12.54 and a 1-year high of $17.74. The stock’s fifty-day simple moving average is $16.36. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt ratio of 0.36. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.54 and a beta of 0.74.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 25. Investors of record on Friday, February 11 will receive a dividend of $0.125 per share. The ex-dividend date is Thursday, February 10. This represents an annualized dividend of $0.50 and a yield of 2.93%. Brookline Bancorp’s dividend payout ratio (DPR) is 33.78%.
In other Brookline Bancorp news, Director John A. Hackett sold 3,000 shares of Brookline Bancorp in a trade dated Tuesday, November 23. The stock was sold at an average price of $16.75, for a total transaction of $50,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In the past ninety days, insiders have sold 6,822 shares of the company valued at $113,082. 2.59% of the shares are currently held by insiders.
Several hedge funds have recently changed their holdings in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its equity stake in Brookline Bancorp by 73.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,258 shares of the bank valued at $215,000 after purchasing an additional 5,619 shares during the period. Assenagon Asset Management SA increased its holdings of Brookline Bancorp shares by 602.1% in the 4th quarter. Assenagon Asset Management SA now owns 267,450 shares of the bank valued at $4,330,000 after purchasing an additional 229,355 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Brookline Bancorp in Q4 worth approximately $1,160,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Brookline Bancorp in Q4 valued at approximately $1,035,000. Finally, Charles Carroll Financial Partners LLC acquired a new position in shares of Brookline Bancorp in Q4 valued at approximately $156,000. 80.99% of the shares are held by institutional investors and hedge funds.
About Brookline Bancorp
Brookline Bancorp, Inc operates as a bank holding company. It operates through the following segments: commercial real estate loans, commercial loans and leases, and consumer loans. The commercial real estate lending segment includes commercial real estate mortgages, multi-family mortgages and construction loans.
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