Brokerages expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to report EPS of $0.32
According to Zacks. Two analysts released earnings estimates for Brookline Bancorp, with the highest EPS estimate of $0.32 and the lowest estimate of $0.31. Brookline Bancorp reported earnings per share of $0.34 in the same quarter last year, suggesting a negative 5.9% year-over-year growth rate. The company is due to release its next results on Wednesday, April 27.
According to Zacks, analysts expect Brookline Bancorp to report annual earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.34. For next year, analysts expect the company to post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.46. Zacks earnings per share averages are an average average based on a survey of sell-side analysts who provide coverage for Brookline Bancorp.
Brookline Bancorp Inc (NASDAQ:BRKL) last announced its results on Wednesday, January 26. The bank reported earnings per share of $0.37 for the quarter, beating Thomson Reuters consensus estimate of $0.33 by $0.04. Brookline Bancorp had a net margin of 34.10% and a return on equity of 11.87%. During the same period of the previous year, the company achieved EPS of $0.34.
Separately, Zacks Investment Research upgraded Brookline Bancorp shares from a “hold” rating to a “strong-buy” rating and set a target price of $20.00 on the stock in a Monday, Jan. 31 research note.
In other Brookline Bancorp news, Director John A. Hackett sold 3,000 shares in a trade dated Tuesday, Nov. 23. The shares were 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 SEC, which is available via this hyperlink. Additionally, director David C. Chapin sold 10,000 shares in a trade dated Wednesday, February 2. The stock was sold at an average price of $16.94, for a total transaction of $169,400.00. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 13,822 shares of the company worth $232,292. Insiders of the company hold 2.59% of the shares of the company.
A number of institutional investors have recently changed their stake in the company. Wells Fargo & Company MN increased its holdings of Brookline Bancorp stock by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 222,876 shares of the bank valued at $3,608,000 after buying an additional 6,748 shares last quarter. Goldman Sachs Group Inc. increased its holdings of Brookline Bancorp shares by 4.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,727,380 shares of the bank valued at $44,156,000 after buying an additional 109,124 shares last quarter. Deutsche Bank AG increased its holdings of Brookline Bancorp shares by 5.4% in the fourth quarter. Deutsche Bank AG now owns 51,389 shares in the bank valued at $832,000 after buying an additional 2,614 shares last quarter. The California State Teachers Retirement System increased its holdings of Brookline Bancorp stock by 2.5% in the fourth quarter. California State Teachers Retirement System now owns 108,039 shares of the bank valued at $1,749,000 after buying 2,626 additional shares last quarter. Finally, Glenmede Trust Co. NA increased its stake in Brookline Bancorp shares by 3.6% in the 4th quarter. Glenmede Trust Co. NA now owns 55,966 shares of the bank valued at $906,000 after buying 1,968 additional shares last quarter. Institutional investors hold 80.60% of the company’s shares.
Shares of BRKL were up $0.15 at midday Friday, hitting $17.35. The stock had a trading volume of 905,025 shares, compared to an average volume of 320,639. Brookline Bancorp has a 1-year low of $13.23 and a 1-year high of $17.74. The company has a market capitalization of $1.35 billion, a PE ratio of 11.72 and a beta of 0.69. The company has a debt ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.01. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $15.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 25. Shareholders of record on Friday, February 11 will receive a dividend of $0.125. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 2.88%. The ex-date of this dividend is Thursday, February 10. Brookline Bancorp’s payout ratio is currently 33.78%.
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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Brookline Bancorp right now?
Before you consider Brookline Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Brookline Bancorp was not on the list.
Although Brookline Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here