Brokers set expectations for Brookline Bancorp, Inc. earnings in Q2 2022 (NASDAQ:BRKL)

0

Brookline Bancorp, Inc. (NASDAQ:BRKL) – Equity researchers at Piper Sandler have raised their second quarter 2022 earnings per share (EPS) estimates for Brookline Bancorp in a research note released to investors on Thursday, January 27. Piper Sandler analyst Fitzgibbon now expects the bank to earn $0.33 per share for the quarter, up from his previous forecast of $0.31. Piper Sandler also released estimates for Brookline Bancorp Q3 2022 earnings at $0.34 EPS, Q4 2022 earnings at $0.34 EPS, FY2022 earnings at $1.34 EPS, 2023 Q1 earnings at $0.35 EPS, 2023 Q2 earnings at $0.36 EPS, 2023 Q3 earnings at $0.37 EPS, 2023 Q4 earnings at $0.38 EPS and earnings FY2023 at $1.46 EPS. Brookline Bancorp Inc (NASDAQ:BRKL) last released quarterly earnings data on Wednesday, January 26. The bank reported earnings per share of $0.37 for the quarter, beating analysts’ consensus estimate of $0.33 by $0.04. Brookline Bancorp had a return on equity of 11.84% and a net margin of 33.84%. In the same quarter last year, the company achieved EPS of $0.34.

Separately, Zacks Investment Research downgraded Brookline Bancorp from a “buy” rating to a “hold” rating in a Wednesday, Dec. 29 research report.

Brookline Bancorp stock opened at $17.08 on Monday. Brookline Bancorp has a 12-month low of $12.36 and a 12-month high of $17.74. The stock’s fifty-day moving average is $16.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt ratio of 0.27. The stock has a market capitalization of $1.33 billion, a price-earnings ratio of 11.78 and a beta of 0.74.

A number of large investors have recently bought and sold shares of BRKL. FJ Capital Management LLC increased its stake in Brookline Bancorp by 45.2% in the third quarter. FJ Capital Management LLC now owns 2,330,000 shares of the bank valued at $35,561,000 after purchasing an additional 725,000 shares in the last quarter. Victory Capital Management Inc. increased its holdings of Brookline Bancorp stock by 1,392.6% during the third quarter. Victory Capital Management Inc. now owns 446,621 shares of the bank worth $6,815,000 after purchasing an additional 416,698 shares in the last quarter. Millennium Management LLC increased its holdings of Brookline Bancorp stock by 1,287.8% during the second quarter. Millennium Management LLC now owns 156,943 shares of the bank worth $2,346,000 after purchasing an additional 145,634 shares in the last quarter. Morgan Stanley increased its holdings of Brookline Bancorp shares by 14.0% during the second quarter. Morgan Stanley now owns 936,882 shares of the bank worth $14,007,000 after buying an additional 114,883 shares in the last quarter. Finally, State Street Corp increased its holdings of Brookline Bancorp stock by 3.2% during the second quarter. State Street Corp now owns 3,338,185 shares of the bank worth $49,906,000 after buying 104,748 additional shares in the last quarter. 80.99% of the shares are currently held by hedge funds and other institutional investors.

In related news, director John A. Hackett sold 3,000 shares in a trade on Tuesday, November 23. The stock was sold at an average price of $16.75, for a total value of $50,250.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders have sold 6,822 shares of the company worth $113,082 over the past three months. 2.59% of the shares are currently held by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 25. Investors of record on Friday, February 11 will receive a dividend of $0.125. This represents an annualized dividend of $0.50 and a yield of 2.93%. The ex-dividend date is Thursday, February 10. Brookline Bancorp’s dividend payout ratio (DPR) is currently 34.48%.

About Brookline Bancorp

Brookline Bancorp, Inc operates as a bank holding company. It operates through the following segments: commercial real estate loans, commercial loans and leases, and consumer loans. The commercial real estate lending segment includes commercial real estate mortgages, multi-family mortgages and construction loans.

Further reading: How is the consumer price index (CPI) calculated?

Brookline Bancorp (NASDAQ:BRKL) Earnings History and Estimates

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Brookline Bancorp right now?

Before you consider Brookline Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Brookline Bancorp was not on the list.

Although Brookline Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

About Author

Comments are closed.