Brookline Bancorp - BRKL Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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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1 analysts have issued 12-month target prices for Brookline Bancorp's shares. Their BRKL share price forecasts range from $14.50 to $20.00. On average, they predict the company's stock price to reach $17.25 in the next year. This suggests a possible upside of 62.7% from the stock's current price.
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Brookline Bancorp's stock was trading at $14.15 at the start of the year. Since then, BRKL shares have decreased by 25.1% and is now trading at $10.60.
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Brookline Bancorp saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,680,000 shares, an increase of 19.1% from the February 28th total of 2,250,000 shares. Based on an average daily trading volume, of 717,400 shares, the days-to-cover ratio is presently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Brookline Bancorp, Inc. (NASDAQ:BRKL) issued its earnings results 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 analysts' expectations of $87.79 million. Brookline Bancorp had a trailing twelve-month return on equity of 11.42% and a net margin of 29.38%. During the same quarter in the previous year, the company posted $0.37 earnings per share.

Brookline Bancorp declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Friday, February 10th will be given a dividend of $0.135 per share on Friday, February 24th. This represents a $0.54 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Thursday, February 9th.
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), Invesco KBW Regional Banking ETF (KBWR), Invesco S&P SmallCap Financials ETF (PSCF), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), iShares US Small Cap Value Factor ETF (SVAL), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and SPDR S&P 600 Small CapValue ETF (SLYV).

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 5.12%. 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 37.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRKL will have a dividend payout ratio of 34.18% 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 a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.95%), Fuller & Thaler Asset Management Inc. (5.29%), Geode Capital Management LLC (1.87%), Jennison Associates LLC (1.49%), Polaris Capital Management LLC (1.45%) and Millennium Management LLC (1.35%). 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, Peter O Wilde and Thomas J Hollister.
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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 $10.60.

Brookline Bancorp (NASDAQ:BRKL) has a market capitalization of $939.90 million and generates $373.53 million in revenue each year. The bank earns $109.74 million in net income (profit) each year or $1.43 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.