NASDAQ:BRKL

Brookline Bancorp (BRKL) Stock Price, News & Analysis

$8.34
-0.08 (-0.95%)
(As of 04/26/2024 ET)
Today's Range
$8.22
$8.38
50-Day Range
$8.42
$10.07
52-Week Range
$7.00
$11.52
Volume
637,357 shs
Average Volume
450,439 shs
Market Capitalization
$747.23 million
P/E Ratio
8.97
Dividend Yield
6.48%
Price Target
$11.38

Brookline Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.0% Upside
$11.08 Price Target
Short Interest
Healthy
1.57% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Brookline Bancorp in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.80%
From $0.97 to $1.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.46 out of 5 stars

Finance Sector

132nd out of 864 stocks

Federal Savings Institutions Industry

4th out of 31 stocks

BRKL stock logo

About Brookline Bancorp Stock (NASDAQ:BRKL)

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. It provides credit, term loans, letters of credit, foreign exchange, cash management, consumer and residential loans, wealth and investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. The company was founded in 1871 and is headquartered in Boston, Massachusetts.

BRKL Stock Price History

BRKL Stock News Headlines

Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
Brookline: Q1 Earnings Snapshot
Brookline Bancorp Announces First Quarter Results
Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
BRKL Jun 2024 10.000 call
BRKL Mar 2024 15.000 call
Here's Why Brookline (BRKL) Looks Ripe for Bottom Fishing
Brookline Bancorp (BRKL) Receives a Hold from KBW
Brookline Bancorp Announces Fourth Quarter Results
See More Headlines
Receive BRKL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Brookline Bancorp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
4/26/2024
Ex-Dividend for 5/24 Dividend
5/09/2024
Dividend Payable
5/24/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Current Symbol
NASDAQ:BRKL
CUSIP
11373M10
Employees
1,018
Year Founded
1871

Price Target and Rating

Average Stock Price Target
$11.38
High Stock Price Target
$12.00
Low Stock Price Target
$10.75
Potential Upside/Downside
+35.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$75 million
Pretax Margin
15.41%

Debt

Sales & Book Value

Annual Sales
$609.22 million
Cash Flow
$0.93 per share
Book Value
$13.49 per share

Miscellaneous

Free Float
87,055,000
Market Cap
$754.85 million
Optionable
Optionable
Beta
0.75

Social Links

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Paul A. Perrault (Age 72)
    Chairman & CEO
    Comp: $1.89M
  • Mr. Michael W. McCurdy Esq. (Age 55)
    Co-President & COO
    Comp: $1.03M
  • Mr. Carl M. Carlson (Age 60)
    Co-President & Chief Financial Officer
    Comp: $949.45k
  • Mr. James M. Cosman (Age 73)
    Chief Operations Officer
    Comp: $738.46k
  • Mr. Darryl J. Fess (Age 62)
    President, CEO & Director of Brookline Bank
    Comp: $827.88k
  • Ms. Marissa S. Martin (Age 41)
    General Counsel & Corporate Secretary
  • Ms. Janytra M. Brooks (Age 41)
    Chief Human Resources Officer
  • Mr. Mark J. Meiklejohn (Age 60)
    Chief Credit Officer
    Comp: $616.44k
  • Mr. Michael P. Goldrick (Age 59)
    President & CEO of PCSB Bank
  • Ms. Mona Y. Macero
    Senior Vice President & MD of Commercial Markets Payment Group

BRKL Stock Analysis - Frequently Asked Questions

Should I buy or sell Brookline Bancorp stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BRKL shares.
View BRKL analyst ratings
or view top-rated stocks.

What is Brookline Bancorp's stock price target for 2024?

4 equities research analysts have issued 1-year price targets for Brookline Bancorp's stock. Their BRKL share price targets range from $10.50 to $12.00. On average, they expect the company's stock price to reach $11.08 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price.
View analysts price targets for BRKL
or view top-rated stocks among Wall Street analysts.

How have BRKL shares performed in 2024?

Brookline Bancorp's stock was trading at $10.91 at the beginning of 2024. Since then, BRKL shares have decreased by 23.6% and is now trading at $8.3350.
View the best growth stocks for 2024 here
.

Are investors shorting Brookline Bancorp?

Brookline Bancorp saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,410,000 shares, an increase of 15.6% from the March 31st total of 1,220,000 shares. Based on an average trading volume of 449,800 shares, the days-to-cover ratio is presently 3.1 days.
View Brookline Bancorp's Short Interest
.

When is Brookline Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our BRKL earnings forecast
.

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) posted its quarterly earnings data on Thursday, January, 25th. The bank reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The bank earned $160.35 million during the quarter, compared to the consensus estimate of $89.38 million. Brookline Bancorp had a net margin of 13.13% and a trailing twelve-month return on equity of 7.12%. During the same period in the prior year, the business posted $0.39 EPS.

How often does Brookline Bancorp pay dividends? What is the dividend yield for Brookline Bancorp?

Brookline Bancorp declared a quarterly dividend on Wednesday, April 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.135 per share on Friday, May 24th. This represents a $0.54 annualized dividend and a yield of 6.48%. The ex-dividend date is Thursday, May 9th.
Read our dividend analysis for BRKL
.

Is Brookline Bancorp a good dividend stock?

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 5.66%. BRKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 58.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRKL will have a dividend payout ratio of 43.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRKL.

What ETF holds Brookline Bancorp's stock?

Invesco KBW Regional Banking ETF holds 36,197 shares of BRKL stock, representing 0.65% of its portfolio.

What is Paul A. Perrault's approval rating as Brookline Bancorp's CEO?

30 employees have rated Brookline Bancorp Chief Executive Officer Paul A. Perrault on Glassdoor.com. Paul A. Perrault has an approval rating of 83% among the company's employees. 83.0% of employees surveyed would recommend working at Brookline Bancorp to a friend.

What other stocks do shareholders of Brookline Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookline Bancorp investors own include HD Supply (HDS), Invesque (IVQ), Forum Energy Technologies (FET), Bank of America (BAC), Altria Group (MO), PDL BioPharma (PDLI), Ford Motor (F), General Electric (GE), Kinder Morgan (KMI) and Advanced Micro Devices (AMD).

Who are Brookline Bancorp's major shareholders?

Brookline Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.47%), Hennessy Advisors Inc. (0.35%), Congress Asset Management Co. MA (0.28%), New York State Teachers Retirement System (0.18%), Hennion & Walsh Asset Management Inc. (0.06%) and Yousif Capital Management LLC (0.04%). Insiders that own company stock include Bogdan Nowak, Carl M Carlson, Charles H Peck, Darryl J Fess, David C Chapin, John A Hackett, Michael P Goldrick, Michael W Mccurdy and Willard I Hill Jr.
View institutional ownership trends
.

How do I buy shares of Brookline Bancorp?

Shares of BRKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BRKL) was last updated on 4/26/2024 by MarketBeat.com Staff

From Our Partners