Brookline Bancorp, Inc. (NASDAQ:BRKL) is set to announce second quarter earning results on Wednesday 22nd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BRKL to report 2Q20 income of $ 0.14 per share.
For the full year, analysts anticipate top line of $ 269.26 million, while looking forward to income of $ 0.34 per share bottom line.
Previous Quarter Performance
Brookline Bancorp, Inc. unveiled loss for the first quarter of $ 0.22 per share, from the revenue of $ 61.71 million. The quarterly revenues contracted 2.05 percent compared with the same quarter last year. Street analysts expected Brookline Bancorp, Inc. to report income of $ 0.22 per share on revenue of $ 63.81 million for the first quarter. The bottom line results missed street analysts by $ 0.44 or 200 percent, at the same time, top line results fell short of analysts by $ 2.1 million or 3.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BRKL was $ 9.83, representing a 20.91 % increase from the 52 week low of $ 8.13 and a 42.04 % decrease over the 52 week high of $ 16.96.
The company has a market capital of $ 775.78 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 17th June 2020, upgraded by Raymond James to Outperform from Market Perform rating.
On 16th June 2020, initiated by DA Davidson at Buy rating, with $ 12.00 target price.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.115 per share to holders of record as of the close of business on May 15, 2020, with payment date of May 29, 2020 and ex-dividend date on May 14, 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.
