Brookline Bancorp (NASDAQ:BRKL – Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03, Yahoo Finance reports. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. The firm had revenue of $165.91 million during the quarter, compared to the consensus estimate of $88.67 million. During the same quarter in the previous year, the firm posted $0.26 EPS.
Brookline Bancorp Price Performance
BRKL stock traded up $0.32 during mid-day trading on Friday, hitting $10.86. The stock had a trading volume of 469,047 shares, compared to its average volume of 501,867. The firm has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $9.39. The firm has a market capitalization of $965.40 million, a P/E ratio of 11.33 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.19. Brookline Bancorp has a 52 week low of $7.93 and a 52 week high of $11.52.
Brookline Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.97%. Brookline Bancorp’s dividend payout ratio is 58.06%.
Wall Street Analyst Weigh In
Get Our Latest Research Report on Brookline Bancorp
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.
Featured Articles
- Five stocks we like better than Brookline Bancorp
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Texas Roadhouse Stock Steering for New Highs This Year
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- The 3 Best Fintech Stocks to Buy Now
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Brookline Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookline Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.