Brookline Bancorp (BRKL) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BRKL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRKL, but not buy additional shares or sell existing shares.
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2 analysts have issued 1-year price targets for Brookline Bancorp's shares. Their BRKL share price forecasts range from $13.00 to $20.00. On average, they predict the company's stock price to reach $15.83 in the next year. This suggests a possible upside of 90.1% 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 41.1% and is now trading at $8.33.
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Brookline Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,300,000 shares, an increase of 24.3% from the April 30th total of 1,850,000 shares. Based on an average trading volume of 729,600 shares, the short-interest ratio is presently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Brookline Bancorp, Inc. (NASDAQ:BRKL) posted its quarterly earnings data on Thursday, January, 26th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. The bank had revenue of $112.46 million for the quarter, compared to analyst estimates of $87.79 million. Brookline Bancorp had a net margin of 21.12% and a trailing twelve-month return on equity of 10.77%. During the same quarter in the previous year, the company posted $0.37 earnings per share.

Brookline Bancorp declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, May 12th will be paid a dividend of $0.135 per share on Friday, May 26th. This represents a $0.54 annualized dividend and a yield of 6.48%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for BRKL.

ETFs with the largest weight of Brookline Bancorp (NASDAQ:BRKL) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), iShares US Small Cap Value Factor ETF (SVAL) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 6.33%. 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 45.00%. 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.

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."

Brookline Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (6.42%), State Street Corp (4.88%), Geode Capital Management LLC (2.01%), Bank of New York Mellon Corp (1.47%) and Ameriprise Financial Inc. (1.34%). 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 and Michael W Mccurdy.
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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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One share of BRKL stock can currently be purchased for approximately $8.33.

Brookline Bancorp (NASDAQ:BRKL) has a market capitalization of $738.62 million and generates $373.53 million in revenue each year. The bank earns $109.74 million in net income (profit) each year or $1.20 on an earnings per share basis.

The company employs 786 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.