Brookline Bancorp (BRKL) Expected to Announce Earnings on Wednesday

Brookline Bancorp (NASDAQ:BRKL) will likely be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect Brookline Bancorp to post earnings of $0.24 per share and revenue of $90,659.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Brookline Bancorp Price Performance

Shares of BRKL opened at $11.96 on Monday. Brookline Bancorp has a fifty-two week low of $8.01 and a fifty-two week high of $13.15. The firm’s 50-day simple moving average is $12.11 and its two-hundred day simple moving average is $10.97. The stock has a market cap of $1.07 billion, a PE ratio of 14.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.13.

Analysts Set New Price Targets

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

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.