Brookline Bancorp Inc BRKL.OQ reported quarterly adjusted earnings of 25 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of four analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 24 cents to 27 cents per share.
Revenue rose 10.9% to $88.69 million from a year ago; analysts expected $89.60 million.
Brookline Bancorp Inc's reported EPS for the quarter was 25 cents.
The company reported quarterly net income of $22.03 million.
Brookline Bancorp Inc shares had risen by 4.9% this quarter and lost 6.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Brookline Bancorp Inc is $14.50, about 23.7% above its last closing price of $11.07
This summary was machine generated from LSEG data July 23 at 09:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)