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 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 used to finance equipment used by small businesses; financing for construction and development projects; and home equity and other consumer loans. It also provides cash management, investment advisory, and online banking services, as well as invests in debt and equity securities. As of December 31, 2017, 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:BRKL
Previous Symbol
CUSIP11373M10
Phone617-425-4600
Debt
Debt-to-Equity Ratio1.20
Current Ratio1.17
Quick Ratio1.17
Price-To-Earnings
Trailing P/E Ratio17.71
Forward P/E Ratio13.47
P/E GrowthN/A
Sales & Book Value
Annual Sales$295.22 million
Price / Sales3.86
Cash Flow$0.9745 per share
Price / Cash Flow14.51
Book Value$10.60 per share
Price / Book1.33
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$50.51 million
Net Margins21.27%
Return on Equity9.13%
Return on Assets1.11%
Miscellaneous
Employees765
Outstanding Shares80,490,000
Market Cap$1.16 billion
OptionableOptionable
Brookline Bancorp (NASDAQ:BRKL) Frequently Asked Questions
What is Brookline Bancorp's stock symbol?
Brookline Bancorp trades on the NASDAQ under the ticker symbol "BRKL."
How often does Brookline Bancorp pay dividends? What is the dividend yield for Brookline Bancorp?
Brookline Bancorp declared a quarterly dividend on Wednesday, October 24th. Investors of record on Friday, November 9th will be paid a dividend of $0.105 per share on Friday, November 23rd. This represents a $0.42 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, November 8th. This is a boost from Brookline Bancorp's previous quarterly dividend of $0.10. View Brookline Bancorp's Dividend History.
How will Brookline Bancorp's stock buyback program work?
Brookline Bancorp declared that its board has initiated a share repurchase plan on Thursday, December 6th 2018, which authorizes the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
How were Brookline Bancorp's earnings last quarter?
Brookline Bancorp, Inc. (NASDAQ:BRKL) posted its earnings results on Wednesday, October, 24th. The bank reported $0.28 EPS for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.01. The bank earned $69.40 million during the quarter, compared to analyst estimates of $68.80 million. Brookline Bancorp had a net margin of 21.27% and a return on equity of 9.13%. View Brookline Bancorp's Earnings History.
When is Brookline Bancorp's next earnings date?
What price target have analysts set for BRKL?
2 brokerages have issued 1-year target prices for Brookline Bancorp's stock. Their forecasts range from $16.50 to $18.50. On average, they anticipate Brookline Bancorp's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price. View Analyst Price Targets for Brookline Bancorp.
What is the consensus analysts' recommendation for Brookline Bancorp?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Brookline Bancorp.
Has Brookline Bancorp been receiving favorable news coverage?
Media headlines about BRKL stock have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Brookline Bancorp earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of Brookline Bancorp's key competitors?
Some companies that are related to Brookline Bancorp include TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), Axos Financial (AX), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), Kearny Financial (KRNY), OceanFirst Financial (OCFC), Meta Financial Group (CASH), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM) and BBX Capital (BBXTB).
Who are Brookline Bancorp's key executives?
Brookline Bancorp's management team includes the folowing people:
- Mr. Paul A. Perrault, Pres, CEO & Director (Age 66)
- Mr. Carl M. Carlson, Chief Financial Officer (Age 54)
- Mr. M. Robert Rose, Chief Credit Officer (Age 66)
- Mr. Darryl J. Fess, Pres & CEO of Brookline Bank (Age 56)
- Mr. Mark J. Meiklejohn, Pres, CEO & Director of Bank Rhode Island (Age 54)
Who are Brookline Bancorp's major shareholders?
Brookline Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.55%), Vanguard Group Inc. (9.88%), Vanguard Group Inc (9.88%), Dimensional Fund Advisors LP (7.94%), Fuller & Thaler Asset Management Inc. (4.79%) and Jennison Associates LLC (2.37%). Company insiders that own Brookline Bancorp stock include Charles H Peck, Darryl J Fess, David C Chapin, James M Cosman, Joanne B Chang, John A Hackett, John J Doyle, Jr, John L Hall II, John M Pereira, M Robert Rose, Michael W Mccurdy, Paul A Perrault 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 Bank of New York Mellon Corp, Prudential Financial Inc., Jennison Associates LLC, Fuller & Thaler Asset Management Inc., TIAA CREF Investment Management LLC, JPMorgan Chase & Co., JPMorgan Chase & Co. and Teachers Retirement System of The State of Kentucky. Company insiders that have sold Brookline Bancorp company stock in the last year include Charles H Peck, Darryl J Fess, David C Chapin, James M Cosman, John A Hackett, M Robert Rose and Michael W Mccurdy. View Insider Buying and Selling 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., Canton Hathaway LLC, Vanguard Group Inc, Vanguard Group Inc., Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Matarin Capital Management LLC and Morgan Stanley. Company insiders that have bought Brookline Bancorp stock in the last two years include Joanne B Chang, John J Doyle, Jr, John L Hall II and John M Pereira. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Brookline Bancorp's stock price today?
One share of BRKL stock can currently be purchased for approximately $14.14.
How big of a company is Brookline Bancorp?
Brookline Bancorp has a market capitalization of $1.16 billion and generates $295.22 million in revenue each year. The bank earns $50.51 million in net income (profit) each year or $0.80 on an earnings per share basis. Brookline Bancorp employs 765 workers across the globe.
What is Brookline Bancorp's official website?
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]
MarketBeat Community Rating for Brookline Bancorp (NASDAQ BRKL)
MarketBeat's community ratings are surveys of what our community members think about Brookline Bancorp and other stocks. Vote "Outperform" if you believe BRKL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BRKL will underperform the S&P 500 over the long term. You may vote once every thirty days.
