NASDAQ:BRKLBrookline Bancorp Stock Price, Forecast & News

$9.58

+0.52 (+5.74 %)

(As of 05/26/2020 04:00 PM ET)

Add

Compare

Today's Range

$9.21

Now: $9.58▼

$9.66

50-Day Range

$8.50

MA: $10.14▼

$12.57

52-Week Range

$8.13

Now: $9.58▼

$16.96

Volume373,675 shs

Average Volume357,948 shs

Market Capitalization$764.18 million

P/E Ratio15.97

Dividend Yield5.08%

Beta0.79

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, as well as commercial, municipal, and retail deposits. 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; financing for construction and development projects; home equity and other consumer loans; and commercial loans and leases to small and midsized businesses. It also provides term loans, letters of credit, cash management, investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. As of December 31, 2018, 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.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Brookline Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, Brookline Bancorp has a potential upside of 67.0% from its current price of $9.58.
Amount of Analyst Coverage
Brookline Bancorp has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Brookline Bancorp has received 197 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brookline Bancorp has received 261 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brookline Bancorp has received 56.99% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Brookline Bancorp is a leading dividend payer. It pays a dividend yield of 5.08%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookline Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Brookline Bancorp is 41.82 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Brookline Bancorp will have a dividend payout ratio of 63.89 % next year. This indicates that Brookline Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brookline Bancorp insiders have bought 140.07% more of their company's stock than they have sold. Specifically, they have bought $134,440.00 in company stock and sold $56,000.00 in company stock.
Percentage Held by Insiders
Only 2.59% of the stock of Brookline Bancorp is held by insiders.
Percentage Held by Institutions
80.13% of the stock of Brookline Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Brookline Bancorp are expected to grow by 60.00% in the coming year, from $0.45 to $0.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookline Bancorp is 15.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookline Bancorp is 15.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.05.
Price to Book Value per Share Ratio
Brookline Bancorp has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.17 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Federal savings institutions

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNASDAQ:BRKL

Previous Symbol

CUSIP11373M10

CIK1049782

Webwww.brooklinebancorp.com

Phone617-425-4600

Debt

Debt-to-Equity Ratio1.44

Current Ratio1.14

Quick Ratio1.13

Price-To-Earnings

Trailing P/E Ratio15.97

Forward P/E Ratio21.29

P/E GrowthN/A

Sales & Book Value

Annual Sales$377.42 million

Price / Sales2.02

Cash Flow$1.39 per share

Price / Cash Flow6.89

Book Value$11.85 per share

Price / Book0.81

Profitability

EPS (Most Recent Fiscal Year)$1.10

Net Income$87.72 million

Net Margins12.67%

Return on Equity5.15%

Return on Assets0.60%

Miscellaneous

Employees749

Outstanding Shares79,768,000

Market Cap$764.18 million

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

Receive BRKL News and Ratings via Email

Sign-up to receive the latest news and ratings for BRKL and its competitors with MarketBeat's FREE daily newsletter.

Brookline Bancorp (NASDAQ:BRKL) Frequently Asked Questions

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

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. Since then, BRKL stock has decreased by 19.8% and is now trading at $9.58. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Brookline Bancorp.

When is Brookline Bancorp's next earnings date?

Brookline Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Brookline Bancorp.

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) released its earnings results on Wednesday, April, 29th. The bank reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.45. The bank had revenue of $71.04 million for the quarter, compared to the consensus estimate of $70.56 million. Brookline Bancorp had a net margin of 12.67% and a return on equity of 5.15%. 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, April 29th. Investors of record on Friday, May 15th will be given a dividend of $0.115 per share on Friday, May 29th. This represents a $0.46 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, May 14th. View Brookline Bancorp's dividend history.

How will Brookline Bancorp's stock buyback program work?

Brookline Bancorp announced that its Board of Directors has authorized a share buyback program on Thursday, December 6th 2018, which authorizes the company to repurchase $10,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for BRKL?

3 brokerages have issued 1-year target prices for Brookline Bancorp's stock. Their forecasts range from $16.00 to $16.00. On average, they anticipate Brookline Bancorp's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 67.0% from the stock's current price. View analysts' price targets for Brookline Bancorp.

Has Brookline Bancorp been receiving favorable news coverage?

Media stories about BRKL stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -5.0 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutBrookline Bancorp.

Are investors shorting Brookline Bancorp?

Brookline Bancorp saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,210,000 shares, a decline of 13.6% from the April 30th total of 1,400,000 shares. Based on an average trading volume of 397,200 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.6% of the company's stock are short sold. View Brookline Bancorp's Current Options Chain.

Who are some of Brookline Bancorp's key competitors?

Some companies that are related to Brookline Bancorp include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), EverBank Financial (EVER), WSFS Financial (WSFS), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC) and Oritani Financial (ORIT). View all 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 (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 Comcast (CMCSA).

Who are Brookline Bancorp's key executives?

Brookline Bancorp's management team includes the following people:

Mr. Paul A. Perrault, Pres, CEO & Director (Age 67)
Mr. Carl M. Carlson, Chief Financial Officer (Age 55)
Mr. M. Robert Rose, Chief Credit Officer (Age 67)
Mr. Darryl J. Fess, Pres & CEO of Brookline Bank (Age 57)
Mr. Mark J. Meiklejohn, Pres, CEO & Director of Bank Rhode Island (Age 55)

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.55%), Fuller & Thaler Asset Management Inc. (4.98%), State Street Corp (3.49%), Massachusetts Financial Services Co. MA (3.45%), Invesco Ltd. (1.79%) and Bank of New York Mellon Corp (1.54%). Company insiders that own Brookline Bancorp stock include Carl M Carlson, Charles H Peck, David C Chapin, James J Mccarthy, James M Cosman, Joanne B Chang, John A Hackett, John J Doyle, Jr, M Robert Rose, 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 Morgan Stanley, Fuller & Thaler Asset Management Inc., Hennessy Advisors Inc., Wellington Management Group LLP, BlackRock Inc., Jennison Associates LLC, Citigroup Inc., and Zeke Capital Advisors LLC. Company insiders that have sold Brookline Bancorp company stock in the last year include Charles H Peck, James J Mccarthy, John A Hackett, Mark J Meiklejohn, and Michael W Mccurdy. View insider buying and selling activity for Brookline Bancorp.

Which major investors are buying Brookline Bancorp stock?

BRKL stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Martingale Asset Management L P, State Street Corp, Parametric Portfolio Associates LLC, Prospector Partners LLC, Geode Capital Management LLC, Bessemer Group Inc., and Wells Fargo & Company MN. Company insiders that have bought Brookline Bancorp stock in the last two years include Carl M Carlson, Joanne B Chang, John J Doyle, Jr, 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 $9.58.

How big of a company is Brookline Bancorp?

Brookline Bancorp has a market capitalization of $764.18 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 749 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 5/26/2020 by MarketBeat.com Staff