Brookline Bancorp (NASDAQ:BRKL) Posts Earnings Results, Misses Estimates By $0.01 EPS

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

Brookline Bancorp Price Performance

Brookline Bancorp stock opened at $12.05 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 14.52 and a beta of 0.79. The firm has a 50-day moving average of $12.11 and a two-hundred day moving average of $11.02. Brookline Bancorp has a 1 year low of $8.01 and a 1 year high of $13.15.

Analyst Upgrades and Downgrades

BRKL has been the topic of several analyst reports. Keefe, Bruyette & Woods downgraded Brookline Bancorp from an “outperform” rating to a “market perform” rating and set a $14.50 target price 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 price target on the stock in a report on Friday, December 20th. Finally, StockNews.com initiated coverage on Brookline Bancorp in a research report on Monday. They set a “hold” rating for the company.

About Brookline Bancorp

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.