Brookline Bancorp Stock Forecast, Price & News

Brookline Bancorp's stock was trading at $11.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BRKL shares have decreased by 24.3% and is now trading at $9.04.
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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."
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Brookline Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Brookline Bancorp.

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

Brookline Bancorp declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 7th will be given a dividend of $0.115 per share on Friday, August 21st. This represents a $0.46 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Thursday, August 6th.
View Brookline Bancorp's dividend history.

Brookline Bancorp announced that its board has authorized a share buyback plan on Thursday, December 6th 2018, which allows the company to repurchase $10,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Some companies that are related to Brookline Bancorp include People's United Financial (PBCT), New York Community Bancorp (NYCB), Lendingtree (TREE), TFS Financial (TFSL), MGIC Investment (MTG), Radian Group (RDN), Simply Good Foods (SMPL), Washington Federal (WAFD), Walker & Dunlop (WD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), EverBank Financial (EVER), At Home Group (HOME) and OceanFirst Financial (OCFC).
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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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.60%), Goldman Sachs Group Inc. (3.28%), Bank of New York Mellon Corp (1.60%), Polaris Capital Management LLC (1.50%), Jennison Associates LLC (0.99%) and Charles Schwab Investment Management Inc. (0.76%). Company insiders that own Brookline Bancorp stock include Carl M Carlson, Charles H Peck, James J Mccarthy, 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.

BRKL stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Prudential Financial Inc., First Trust Advisors LP, Bank of America Corp DE, Mutual of America Capital Management LLC, Endurance Wealth Management Inc., HighTower Advisors LLC, and Jennison Associates LLC. Company insiders that have sold Brookline Bancorp company stock in the last year include Charles H Peck, and James J Mccarthy.
View insider buying and selling activity for Brookline Bancorp.

BRKL stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Grantham Mayo Van Otterloo & Co. LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Moody Aldrich Partners LLC, Federated Hermes Inc., Atom Investors LP, and Bank of New York Mellon Corp. 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.

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.

One share of BRKL stock can currently be purchased for approximately $9.04.

Brookline Bancorp has a market capitalization of $713.43 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.

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

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]