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. Since then, BRKL shares have decreased by 3.1% and is now trading at $11.57.
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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 or view MarketBeat's top 5 stock picks.

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

Brookline Bancorp, Inc. (NASDAQ:BRKL) posted its earnings results on Monday, November, 2nd. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' 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.

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 yield of 3.98%. The ex-dividend date is Thursday, November 12th.
View Brookline Bancorp's dividend history.

Brookline Bancorp announced that its board has initiated a stock buyback 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

4 Wall Street analysts have issued 1-year target prices for Brookline Bancorp's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Brookline Bancorp's stock price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 13.6%.
View analysts' price targets for Brookline Bancorp.

Some companies that are related to Brookline Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), LendingTree (TREE), Walker & Dunlop (WD), The Simply Good Foods (SMPL), WSFS Financial (WSFS), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), At Home Group (HOME) and EverQuote (EVER).
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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 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).

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

Brookline Bancorp's stock is owned by a number of retail and institutional 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, John A Hackett, 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 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.

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, 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 $11.57.

Brookline Bancorp has a market capitalization of $914.72 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.

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]