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NASDAQ:BRKL

Brookline Bancorp Stock Forecast, Price & News

$11.90
-0.18 (-1.49 %)
(As of 11/27/2020 12:00 AM ET)
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Compare
Today's Range
$11.75
Now: $11.90
$12.49
50-Day Range
$9.12
MA: $10.37
$12.40
52-Week Range
$8.13
Now: $11.90
$16.96
Volume118,282 shs
Average Volume364,128 shs
Market Capitalization$940.81 million
P/E Ratio21.64
Dividend Yield3.81%
Beta0.64
Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include non-interest-bearing demand checking accounts, NOW accounts, savings accounts, and money market 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 for equipment financing for small businesses; financing for construction and development projects; and home equity and other consumer loans. It also provides term loans, letters of credit, foreign exchange, cash management, investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. As of December 31, 2019, the company operated 51 full-service banking offices in greater Boston, the north shore of Massachusetts, and Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.
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Brookline Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:BRKL
CUSIP11373M10
Phone617-425-4600
Employees763

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$377.42 million
Cash Flow$1.26 per share
Book Value$11.83 per share

Profitability

Net Income$87.72 million

Miscellaneous

Market Cap$940.81 million
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$11.90
-0.18 (-1.49 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Brookline Bancorp (NASDAQ:BRKL) Frequently Asked Questions

How has Brookline Bancorp's stock been impacted by COVID-19?

Brookline Bancorp's stock was trading at $11.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BRKL shares have decreased by 0.3% and is now trading at $11.90.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Brookline Bancorp?

4 Wall Street 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, resulting in a consensus recommendation of "Buy."
View analyst ratings for Brookline Bancorp
.

What stocks does MarketBeat like better than Brookline Bancorp?

Wall Street analysts have given Brookline Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Brookline Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Brookline Bancorp's next earnings date?

Brookline Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Brookline Bancorp
.

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) announced its earnings results on Monday, November, 2nd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.24. The bank earned $70.80 million during the quarter, compared to analyst estimates of $73.20 million. Brookline Bancorp had a net margin of 11.92% and a return on equity of 4.50%.
View Brookline Bancorp's earnings history
.

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

Brookline Bancorp announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Friday, November 13th will be given a dividend of $0.115 per share on Friday, November 27th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, November 12th.
View Brookline Bancorp's dividend history
.

How will Brookline Bancorp's stock buyback program work?

Brookline Bancorp declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 6th 2018, which allows the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

What price target have analysts set for BRKL?

4 equities research analysts have issued twelve-month price objectives for Brookline Bancorp's shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Brookline Bancorp's stock price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 16.0%.
View analysts' price targets for Brookline Bancorp
.

Who are some of Brookline Bancorp's key competitors?

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 Inc. (IVQ.TO) (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 key executives?

Brookline Bancorp's management team includes the following people:
  • Mr. Paul A. Perrault, Pres, CEO & Director (Age 68, Pay $1.51M)
  • Mr. Carl M. Carlson, Chief Financial Officer (Age 56)
  • Mr. M. Robert Rose, Chief Credit Officer (Age 68, Pay $613.78k)
  • Mr. Darryl J. Fess, Pres & CEO of Brookline Bank (Age 58, Pay $653.28k)
  • Mr. Mark J. Meiklejohn, Pres, CEO & Director of Bank Rhode Island (Age 56)
  • Mr. James M. Cosman, Chief Operations Officer (Age 69)
  • Mr. Michael W. McCurdy Esq., Chief Risk Officer, Gen. Counsel & Corp. Sec. (Age 51)
  • Ms. Janytra M. Brooks, Chief HR Officer
  • Mr. William R. MacKenzie, Sr. VP of Commercial Lending
  • Mr. Michael J. Fanger, CEO of Eastern Funding LLC, Pres of Eastern Funding LLC and Director of Eastern Funding LLC (Age 62)

What is Brookline Bancorp's stock symbol?

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

Who are Brookline Bancorp's major shareholders?

Brookline Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.64%), Fuller & Thaler Asset Management Inc. (4.83%), Massachusetts Financial Services Co. MA (3.96%), State Street Corp (3.45%), Morgan Stanley (1.00%) and Jennison Associates LLC (0.96%). Company insiders that own Brookline Bancorp stock include Carl M Carlson, Charles H Peck, James J Mccarthy, Joanne B Chang, John A Hackett, Mark J Meiklejohn, Michael W Mccurdy, Peter O Wilde and Thomas J Hollister.
View institutional ownership trends for Brookline Bancorp
.

Which major investors are selling Brookline Bancorp stock?

BRKL stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Acadian Asset Management LLC, Fuller & Thaler Asset Management Inc., State Street Corp, Wells Fargo & Company MN, State of New Jersey Common Pension Fund D, Great West Life Assurance Co. Can, and Jennison Associates LLC.
View insider buying and selling activity for Brookline Bancorp
.

Which major investors are buying Brookline Bancorp stock?

BRKL stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Thrivent Financial for Lutherans, Assenagon Asset Management S.A., US Bancorp DE, Paloma Partners Management Co, Massachusetts Financial Services Co. MA, and Cubist Systematic Strategies LLC. Company insiders that have bought Brookline Bancorp stock in the last two years include Carl M Carlson, Joanne B Chang, Peter O Wilde, and Thomas J Hollister.
View insider buying and selling activity for Brookline Bancorp
.

How do I buy shares of Brookline Bancorp?

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

What is Brookline Bancorp's stock price today?

One share of BRKL stock can currently be purchased for approximately $11.90.

How big of a company is Brookline Bancorp?

Brookline Bancorp has a market capitalization of $940.81 million and generates $377.42 million in revenue each year. The bank earns $87.72 million in net income (profit) each year or $1.10 on an earnings per share basis. Brookline Bancorp employs 763 workers across the globe.

What is Brookline Bancorp's official website?

The official website for Brookline Bancorp is www.brooklinebancorp.com.

How can I contact Brookline Bancorp?

Brookline Bancorp's mailing address is 131 CLARENDON STREET, BOSTON MA, 02116. The bank can be reached via phone at 617-425-4600 or via email at [email protected]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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