NASDAQ:BRKLBrookline Bancorp Stock Price, Forecast & News

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 (WHO). Since then, BRKL stock has decreased by 21.6% and is now trading at $9.36. View which stocks have been most impacted by Coronavirus.

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.

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

Brookline Bancorp, Inc. (NASDAQ:BRKL) posted its quarterly earnings data on Wednesday, April, 29th. The bank reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.45. The bank earned $71.04 million during 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.

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 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, May 14th. View Brookline Bancorp's dividend history.

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

3 equities research analysts have issued 12-month price targets for Brookline Bancorp's shares. 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 70.9% from the stock's current price. View analysts' price targets for Brookline Bancorp.

Press coverage about BRKL stock has been trending negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Brookline Bancorp earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutBrookline Bancorp.

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

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), WSFS Financial (WSFS), EverBank Financial (EVER), Walker & Dunlop (WD), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC) and Provident Financial Services (PFS). View all competitors.

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).

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 investors 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.

BRKL stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Fuller & Thaler Asset Management Inc., Hennessy Advisors Inc., Wellington Management Group LLP, BlackRock Inc., Jennison Associates LLC, and Citigroup Inc.. 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.

BRKL stock was purchased 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.

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 $9.36.

Brookline Bancorp has a market capitalization of $738.69 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]