Brookline Bancorp (NASDAQ:BRKL – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01, Zacks reports. The company had revenue of $161.75 million for the quarter, compared to the consensus estimate of $89.40 million. Brookline Bancorp had a return on equity of 6.53% and a net margin of 12.04%. During the same period in the previous year, the business earned $0.26 earnings per share.
Brookline Bancorp Trading Down 0.1 %
BRKL stock traded down $0.01 during midday trading on Friday, reaching $10.41. 153,511 shares of the company traded hands, compared to its average volume of 471,601. Brookline Bancorp has a 52-week low of $7.93 and a 52-week high of $11.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average of $8.82 and a 200-day moving average of $9.39. The firm has a market capitalization of $925.34 million, a price-to-earnings ratio of 11.20 and a beta of 0.79.
Brookline Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.54 dividend on an annualized basis and a yield of 5.19%. Brookline Bancorp’s dividend payout ratio (DPR) is presently 58.07%.
Wall Street Analyst Weigh In
View 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.
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