Home News Business Analysts Expect Brookline Bancorp, Inc. (BRKL) To Post $0.19 EPS

Analysts Expect Brookline Bancorp, Inc. (BRKL) To Post $0.19 EPS

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Equities analysts expect Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Brookline Bancorp’s earnings. Brookline Bancorp, Inc. posted earnings per share of $0.18 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, April 26th.

On average, analysts expect that Brookline Bancorp will report full-year earnings of $0.80 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.84 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Brookline Bancorp.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, January 25th. The bank reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Brookline Bancorp, Inc. had a return on equity of 7.53% and a net margin of 19.97%. The firm earned $57.28 million during the quarter, compared to analysts’ expectations of $588.28 million. During the same quarter in the previous year, the business earned $0.19 earnings per share.

Separately, Compass Point upgraded Brookline Bancorp, Inc. from a “neutral” rating to a “buy” rating in a research note on Thursday, January 26th.

Several institutional investors have recently added to or reduced their stakes in BRKL. State of Alaska Department of Revenue raised its position in Brookline Bancorp, Inc. by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 7,790 shares of the bank’s stock worth $121,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Brookline Bancorp by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the bank’s stock valued at $449,000 after buying an additional 300 shares in the last quarter. Moors & Cabot, Inc. raised its position in shares of Brookline Bancorp, Inc. by 0.8% in the third quarter. Moors & Cabot, Inc. now owns 78,872 shares of the bank’s stock valued at $956,000 after buying an additional 625 shares in the last quarter. Hartford Investment Management Co. raised its position in shares of Brookline Bancorp, Inc. by 5.7% in the third quarter. Hartford Investment Management Co. now owns 14,800 shares of the bank’s stock valued at $180,000 after buying an additional 800 shares in the last quarter. Finally, Aperio Group, LLC raised its position in shares of Brookline Bancorp by 5.0% in the third quarter. Aperio Group, LLC now owns 21,488 shares of the bank’s stock valued at $262,000 after buying an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Brookline Bancorp (NASDAQ:BRKL) traded down 0.33% on Wednesday, hitting $15.25. The stock had a trading volume of 221,072 shares. Brookline Bancorp, Inc. has a 52-week low of $10.40 and a 52-week high of $17.45. The firm has a market cap of $1.07 billion, a PE ratio of 20.61 and a beta of 0.88. The company has a 50-day moving average price of $15.23 and a 200 day moving average price of $15.04.

About Brookline Bancorp, Inc.

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services.