Brookline Bancorp Stock Price, News & Analysis (NASDAQ:BRKL)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRKL shares.
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4 Wall Street research analysts have issued 12 month target prices for Brookline Bancorp's stock. Their BRKL share price targets range from $10.75 to $13.00. On average, they expect the company's share price to reach $11.88 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
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Brookline Bancorp's stock was trading at $14.15 at the beginning of 2023. Since then, BRKL stock has decreased by 27.3% and is now trading at $10.28.
View the best growth stocks for 2023 here.

Brookline Bancorp saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 758,600 shares, a decline of 13.7% from the October 31st total of 879,100 shares. Based on an average daily trading volume, of 416,100 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Brookline Bancorp, Inc. (NASDAQ:BRKL) announced its earnings results on Wednesday, October, 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by $0.01. The bank had revenue of $89.58 million for the quarter, compared to analyst estimates of $91.54 million. Brookline Bancorp had a net margin of 14.57% and a trailing twelve-month return on equity of 8.88%.

Brookline Bancorp announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 10th will be given a dividend of $0.135 per share on Friday, November 24th. This represents a $0.54 annualized dividend and a yield of 5.25%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for BRKL.

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 5.33%. 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 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRKL will have a dividend payout ratio of 58.70% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by many different retail and institutional investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (5.85%), Jennison Associates LLC (4.09%), Massachusetts Financial Services Co. MA (3.93%), Bank of New York Mellon Corp (1.29%), Charles Schwab Investment Management Inc. (1.16%) and American Century Companies Inc. (0.89%). Insiders that own company stock include Bogdan Nowak, Carl M Carlson, Charles H Peck, Charles H Peck, Darryl J Fess, David C Chapin, James M Cosman, John A Hackett, John A Hackett, Michael P Goldrick, Michael W Mccurdy and Willard I Hill Jr.
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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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