Brookline Bancorp (BRKL) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last year. There are currently 2 hold ratings and 2 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.

4 equities research analysts have issued 1-year price targets for Brookline Bancorp's stock. Their BRKL share price forecasts range from $10.75 to $20.00. On average, they expect the company's share price to reach $14.56 in the next year. This suggests a possible upside of 65.9% from the stock's current price.
View analysts price targets for BRKL or view top-rated stocks among Wall Street analysts.

Brookline Bancorp's stock was trading at $14.15 at the beginning of 2023. Since then, BRKL shares have decreased by 38.0% and is now trading at $8.78.
View the best growth stocks for 2023 here.

Brookline Bancorp saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,180,000 shares, a decrease of 9.9% from the August 31st total of 1,310,000 shares. Based on an average daily volume of 484,200 shares, the days-to-cover ratio is currently 2.4 days.
View Brookline Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our BRKL earnings forecast.

Brookline Bancorp, Inc. (NASDAQ:BRKL) issued its earnings results on Wednesday, July, 26th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. The bank had revenue of $91.50 million for the quarter, compared to the consensus estimate of $90.50 million. Brookline Bancorp had a net margin of 17.70% and a trailing twelve-month return on equity of 10.06%.

Brookline Bancorp announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, August 11th will be given a dividend of $0.135 per share on Friday, August 25th. This represents a $0.54 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Thursday, August 10th.
Read our dividend analysis for BRKL.

ETFs with the largest weight of Brookline Bancorp (NASDAQ:BRKL) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV) and Invesco KBW Regional Banking ETF (KBWR).Inspire Small/Mid Cap ETF (ISMD).

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 5.93%. BRKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRKL will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRKL.

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.

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).

Brookline Bancorp trades on the NASDAQ under the ticker symbol "BRKL."

Shares of BRKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRKL stock can currently be purchased for approximately $8.78.

Brookline Bancorp (NASDAQ:BRKL) has a market capitalization of $778.52 million and generates $373.53 million in revenue each year. The bank earns $109.74 million in net income (profit) each year or $1.12 on an earnings per share basis.

The company employs 813 workers across the globe.

Brookline Bancorp's mailing address is 131 CLARENDON STREET, BOSTON MA, 02116. The official website for the company is www.brooklinebancorp.com. The bank can be reached via phone at (617) 425-4600, via email at ccarlson@brkl.com, or via fax at 800-253-5177.