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NASDAQ:BRKLBrookline Bancorp Stock Price, Forecast & News

$10.43
+0.85 (+8.87 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$9.88
Now: $10.43
$10.52
50-Day Range
$8.50
MA: $10.11
$12.57
52-Week Range
$8.13
Now: $10.43
$16.96
Volume997,800 shs
Average Volume364,283 shs
Market Capitalization$831.98 million
P/E Ratio17.38
Dividend Yield4.80%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.17 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$1.51 per share
Book Value$11.44 per share

Profitability

Net Income$87.72 million

Miscellaneous

Employees749
Market Cap$831.98 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BRKL stock has decreased by 12.6% and is now trading at $10.43. 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 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 analysts' expectations of $70.56 million. Brookline Bancorp had a return on equity of 5.15% and a net margin of 12.67%. 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, April 29th. Shareholders of record on Friday, May 15th will be paid 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 4.41%. The ex-dividend date 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 approved a stock repurchase plan on Thursday, December 6th 2018, which permits the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management 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 share price to reach $16.00 in the next twelve months. This suggests a possible upside of 53.4% 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 been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Brookline Bancorp earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutBrookline Bancorp.

Are investors shorting Brookline Bancorp?

Brookline Bancorp saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,210,000 shares, a decrease 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 shares of the stock 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 number of 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.

Which institutional investors are selling Brookline Bancorp stock?

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.

Which institutional investors are buying Brookline Bancorp stock?

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.

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 $10.43.

How big of a company is Brookline Bancorp?

Brookline Bancorp has a market capitalization of $831.98 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 5/28/2020 by MarketBeat.com Staff

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