Brookline Bancorp (NASDAQ:BRKL) Shares Gap Down After Earnings Miss (2025)

Posted by Defense World Staff on Apr 25th, 2025

Brookline Bancorp, Inc. (NASDAQ:BRKL – Get Free Report) shares gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $10.20, but opened at $9.52. Brookline Bancorp shares last traded at $10.28, with a volume of 80,507 shares.

The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The company had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million.

Brookline Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Friday, May 9th. Brookline Bancorp’s dividend payout ratio is 70.13%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Brookline Bancorp in a research report on Thursday, April 17th. They set a “hold” rating for the company.

View Our Latest Stock Report on BRKL

Hedge Funds Weigh In On Brookline Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Brookline Bancorp by 99.8% in the 3rd quarter. Barclays PLC now owns 212,904 shares of the bank’s stock valued at $2,149,000 after acquiring an additional 106,345 shares during the period. Franklin Resources Inc. bought a new stake in shares of Brookline Bancorp in the fourth quarter worth about $710,000. Jennison Associates LLC raised its position in shares of Brookline Bancorp by 7.7% during the fourth quarter. Jennison Associates LLC now owns 3,133,365 shares of the bank’s stock worth $36,974,000 after purchasing an additional 224,888 shares during the period. American Century Companies Inc. raised its position in shares of Brookline Bancorp by 17.0% during the fourth quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank’s stock worth $22,465,000 after purchasing an additional 276,025 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Brookline Bancorp by 96.2% in the 4th quarter. Intech Investment Management LLC now owns 125,592 shares of the bank’s stock valued at $1,482,000 after purchasing an additional 61,591 shares during the period. Institutional investors and hedge funds own 78.91% of the company’s stock.

Brookline Bancorp Price Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.12. The company has a 50-day moving average of $10.75 and a 200-day moving average of $11.48. The firm has a market capitalization of $939.18 million, a price-to-earnings ratio of 13.56 and a beta of 0.71.

About Brookline Bancorp

(Get Free Report)

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.

You might be interested in:

Castle Biosciences Stock Price Down 3.9% After Insider Selling