Brookline Bancorp, Inc. (NASDAQ:BRKL) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, BRKL is expected to report 3Q20 income of $ 0.23 per share from revenue of $ 67.79 million.
For the full year, analysts anticipate top line of $ 264.27 million, while looking forward to income of $ 0.50 per share bottom line.
Previous Quarter Performance
Brookline Bancorp, Inc. unveiled income for the second quarter of $ 0.25 per share, from the revenue of $ 64.29 million. The quarterly earnings declined 3.85 percent while revenues swell 1.84 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.14 per share from $ 65.64 million in revenue. The bottom line results beat street analysts by $ 0.11 or 78.57 percent, at the same time, top line results fell short of analysts by $ 1.35 million or 2.06 percent.
Stock Performance
Shares of Brookline Bancorp, Inc. traded low $ -0.36 or -3.58 percent on Tuesday, reaching $ 9.57 with volume of 283.70 thousand shares. Brookline Bancorp, Inc. has traded high as $ 10.00 and has cracked $ 9.55 on the downward trend
According to the previous trading day, closing price of $ 9.57, representing a 22.02 % increase from the 52 week low of $ 8.13 and a 41.51 % decrease over the 52 week high of $ 16.96.
The company has a market capital of $ 754.86 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.115 per share on July 22, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market accounts, as well as commercial, municipal, and retail deposits.
