Brookline Bancorp (NASDAQ:BRKL – Get Free Report) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $10.50 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 5.57% from the company’s previous close.
Brookline Bancorp Price Performance
Shares of BRKL stock opened at $10.42 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.14. Brookline Bancorp has a twelve month low of $7.93 and a twelve month high of $11.52. The company has a market cap of $926.23 million, a P/E ratio of 11.20 and a beta of 0.79. The business has a fifty day simple moving average of $8.82 and a 200 day simple moving average of $9.39.
Brookline Bancorp (NASDAQ:BRKL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Brookline Bancorp had a return on equity of 6.53% and a net margin of 12.04%. The firm had revenue of $161.75 million for the quarter, compared to analyst estimates of $89.40 million. During the same period last year, the firm posted $0.26 earnings per share. On average, sell-side analysts forecast that Brookline Bancorp will post 0.72 EPS for the current fiscal year.
Institutional Trading of Brookline Bancorp
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.
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