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 moved shares of Brookline Bancorp from a “hold” rating to a “strong-buy” rating and set a target price of $20.00 for 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.
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