Brookline Bancorp (NASDAQ:BRKL) Issues Quarterly Earnings Results

Brookline Bancorp (NASDAQ:BRKL) released its quarterly earnings data on Wednesday. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%.

Brookline Bancorp Trading Down 0.2 %

Shares of NASDAQ:BRKL traded down $0.03 on Wednesday, hitting $12.05. The company had a trading volume of 491,339 shares, compared to its average volume of 571,030. Brookline Bancorp has a 1 year low of $8.01 and a 1 year high of $13.15. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $12.11 and its two-hundred day simple moving average is $11.01. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.52 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRKL. Keefe, Bruyette & Woods lowered Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a research report on Tuesday, December 24th. Raymond James upgraded shares of Brookline Bancorp from a “market perform” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Friday, December 20th. Finally, StockNews.com started coverage on Brookline Bancorp in a report on Monday. They set a “hold” rating on the stock.

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.