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NASDAQ:BRKLBrookline Bancorp Stock Price, Forecast & News

$9.60
-0.17 (-1.74 %)
(As of 08/6/2020 04:00 PM ET)
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Today's Range
$9.52
Now: $9.60
$9.68
50-Day Range
$8.97
MA: $9.59
$10.08
52-Week Range
$8.13
Now: $9.60
$16.96
Volume280,231 shs
Average Volume317,259 shs
Market Capitalization$757.63 million
P/E Ratio16.27
Dividend Yield4.71%
Beta0.73
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.66 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$377.42 million
Cash Flow$1.29 per share
Book Value$11.74 per share

Profitability

Net Income$87.72 million

Miscellaneous

Employees749
Market Cap$757.63 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$9.60
-0.17 (-1.74 %)
(As of 08/6/2020 04:00 PM 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 (Coronavirus)?

Brookline Bancorp's stock was trading at $11.94 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BRKL shares have decreased by 19.6% and is now trading at $9.60.
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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, October 28th 2020.
View our earnings forecast for Brookline Bancorp
.

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) released its quarterly earnings results on Wednesday, July, 22nd. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.11. The bank earned $70.52 million during the quarter, compared to the consensus estimate of $72.84 million. Brookline Bancorp had a return on equity of 5.03% and a net margin of 12.65%.
View Brookline Bancorp's earnings history
.

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

Brookline Bancorp declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be paid a dividend of $0.115 per share on Friday, August 21st. This represents a $0.46 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, August 6th.
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 program on Thursday, December 6th 2018, which allows the company to repurchase $10,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

Has Brookline Bancorp been receiving favorable news coverage?

News stories about BRKL stock have trended positive recently, InfoTrie reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Brookline Bancorp earned a coverage optimism score of 2.1 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Brookline Bancorp
.

Are investors shorting Brookline Bancorp?

Brookline Bancorp saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,580,000 shares, a drop of 7.1% from the July 15th total of 1,700,000 shares. Based on an average daily volume of 438,300 shares, the short-interest ratio is presently 3.6 days. Currently, 2.1% of the company's shares are short sold.
View Brookline Bancorp's Current Options Chain
.

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 (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 a variety of retail and institutional investors. Top institutional investors include Jennison Associates LLC (0.99%), Principal Financial Group Inc. (0.75%), Mutual of America Capital Management LLC (0.70%), Moody Aldrich Partners LLC (0.52%), New York State Teachers Retirement System (0.28%) and Swiss National Bank (0.23%). 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, Mark J Meiklejohn, Michael W Mccurdy, Peter O Wilde and Thomas J Hollister.
View institutional ownership trends for Brookline Bancorp
.

Which institutional investors are selling Brookline Bancorp stock?

BRKL stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Mutual of America Capital Management LLC, Endurance Wealth Management Inc., Jennison Associates LLC, Principal Financial Group Inc., Trust Co. of Vermont, Aries Wealth Management, and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA. Company insiders that have sold Brookline Bancorp company stock in the last year include Charles H Peck, James J Mccarthy, John A Hackett, and Michael W Mccurdy.
View insider buying and selling activity for Brookline Bancorp
.

Which institutional investors are buying Brookline Bancorp stock?

BRKL stock was bought by a variety of institutional investors in the last quarter, including Moody Aldrich Partners LLC, Swiss National Bank, SG Americas Securities LLC, ProShare Advisors LLC, Hodges Capital Management Inc., UBS Group AG, Comerica Bank, and US Bancorp DE. 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 $9.60.

How big of a company is Brookline Bancorp?

Brookline Bancorp has a market capitalization of $757.63 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 8/7/2020 by MarketBeat.com Staff

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