Brookline Bancorp (BRKL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Brookline Bancorp (BRKL) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. BRKL said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.18. Analysts expectations of $54.78 million. During the same quarter in the previous year, the company posted $0.18 EPS.

Brookline Bancorp opened for trading at $12.16 and hit $12.29 on the upside on Friday, eventually ending the session at $12.26, with a gain of 1.57% or 0.19 points. The heightened volatility saw the trading volume jump to 1,02,106 shares. Company has a market cap of $865 M.

In a different news, on Aug 29, 2016, Michael W. Mccurdy (General Counsel & CRO) sold 9,200 shares at $11.80 per share price. According to the SEC, on May 18, 2016, Charles H Peck (director) sold 12,000 shares at $11.25 per share price. On May 5, 2016, Margaret Boles Fitzgerald (director) purchased 1,500 shares at $11.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Brookline Bancorp Inc. operates as a multi-bank holding company for Brookline Bank a Massachusetts-chartered savings bank; Bank Rhode Island (BankRI) a Rhode Island-chartered financial institution and First Ipswich Bank (First Ipswich) a Massachusetts-chartered savings bank. The Company’s primary business is to provide commercial business and retail banking services to its corporate municipal and individual customers through its banks and non-bank subsidiaries. The Company’s activities include acceptance of commercial municipal and retail deposits origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island origination of commercial loans and leases to small- and mid-sized businesses investment in debt and equity securities and the offering of cash management and investment advisory services. The Company also provides specialty equipment financing.

Brookline Bancorp

Leave a Reply

Brookline Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Brookline Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.