Should I buy or sell Brookline Bancorp stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brookline Bancorp in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRKL shares. View BRKL analyst ratings or view top-rated stocks .

What is Brookline Bancorp's stock price target for 2024?

3 Wall Street analysts have issued 12-month target prices for Brookline Bancorp's shares. Their BRKL share price targets range from $10.75 to $12.00. On average, they anticipate the company's stock price to reach $11.38 in the next year. This suggests a possible upside of 26.8% from the stock's current price. View analysts price targets for BRKL or view top-rated stocks among Wall Street analysts .

How have BRKL shares performed in 2024?

Brookline Bancorp's stock was trading at $10.91 on January 1st, 2024. Since then, BRKL shares have decreased by 17.8% and is now trading at $8.97. View the best growth stocks for 2024 here .

Are investors shorting Brookline Bancorp?

Brookline Bancorp saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,220,000 shares, a decline of 5.4% from the March 15th total of 1,290,000 shares. Based on an average daily trading volume, of 459,600 shares, the short-interest ratio is presently 2.7 days. View Brookline Bancorp's Short Interest .

When is Brookline Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our BRKL earnings forecast .

How can I listen to Brookline Bancorp's earnings call?

Brookline Bancorp will be holding an earnings conference call on Thursday, April 25th at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "815015".

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) released its earnings results on Thursday, January, 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The bank earned $160.35 million during the quarter, compared to analyst estimates of $89.38 million. Brookline Bancorp had a trailing twelve-month return on equity of 7.87% and a net margin of 12.31%. During the same quarter in the previous year, the firm earned $0.39 earnings per share.

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

Brookline Bancorp declared a quarterly dividend on Wednesday, January 24th. Investors of record on Friday, February 9th will be given a dividend of $0.135 per share on Friday, February 23rd. This represents a $0.54 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Thursday, February 8th. Read our dividend analysis for BRKL .

Is Brookline Bancorp a good dividend stock?

Brookline Bancorp (NASDAQ:BRKL) pays an annual dividend of $0.54 per share and currently has a dividend yield of 5.91%. BRKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 62.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRKL will have a dividend payout ratio of 43.90% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BRKL .

What ETF holds Brookline Bancorp's stock?

Invesco KBW Regional Banking ETF holds 36,197 shares of BRKL stock, representing 0.64% of its portfolio.

What is Paul A. Perrault's approval rating as Brookline Bancorp's CEO?

30 employees have rated Brookline Bancorp Chief Executive Officer Paul A. Perrault on Glassdoor.com . Paul A. Perrault has an approval rating of 83% among the company's employees. 83.0% of employees surveyed would recommend working at Brookline Bancorp to a friend.

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 Advanced Micro Devices (AMD) .

Who are Brookline Bancorp's major shareholders?

Brookline Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.35%), Congress Asset Management Co. MA (0.28%) and Hennion & Walsh Asset Management Inc. (0.06%). Insiders that own company stock include Bogdan Nowak, Carl M Carlson, Charles H Peck, Darryl J Fess, David C Chapin , John A Hackett , Michael P Goldrick, Michael W Mccurdy and Willard I Hill Jr. View institutional ownership trends .

How do I buy shares of Brookline Bancorp?

Shares of BRKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:BRKL

Brookline Bancorp (BRKL) Stock Price, News & Analysis

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$8.97

-0.04 (-0.44%)

(As of 04/17/2024 ET)

Compare

Today's Range: $8.96
▼
$9.15
50-Day Range: $8.97
▼
$10.20
52-Week Range: $7.00
▼
$11.52

Volume: 256,462 shs
Average Volume: 448,886 shs
Market Capitalization: $804.16 million

P/E Ratio: 10.43
Dividend Yield: 6.02%
Price Target: $11.38

Get Brookline Bancorp alerts:

Brookline Bancorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 26.8% Upside
$11.38 Price Target
Short Interest: Healthy
1.36% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.95
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 26.80%
From $0.97 to $1.23 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Finance Sector

194th out of 821 stocks

Federal Savings Institutions Industry

5th out of 30 stocks

3.5

Analyst's Opinion

Consensus Rating
Brookline Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Brookline Bancorp has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.36% of the outstanding shares of Brookline Bancorp have been sold short.
Short Interest Ratio / Days to Cover
Brookline Bancorp has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Brookline Bancorp has recently decreased by 5.43%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Brookline Bancorp is a leading dividend payer. It pays a dividend yield of 5.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookline Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Brookline Bancorp is 62.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Brookline Bancorp will have a dividend payout ratio of 43.90% next year. This indicates that Brookline Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BRKL.

2.8

News and Social Media Coverage

News Sentiment
Brookline Bancorp has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Brookline Bancorp this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Brookline Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brookline Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.55% of the stock of Brookline Bancorp is held by insiders.
Percentage Held by Institutions
78.91% of the stock of Brookline Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Brookline Bancorp are expected to grow by 26.80% in the coming year, from $0.97 to $1.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookline Bancorp is 10.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookline Bancorp is 10.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.52.
Price to Book Value per Share Ratio
Brookline Bancorp has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Brookline Bancorp Stock (NASDAQ:BRKL)

Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. 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; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans. It provides credit, term loans, letters of credit, foreign exchange, cash management, consumer and residential loans, wealth and investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. The company was founded in 1871 and is headquartered in Boston, Massachusetts.

BRKL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BRKL Stock News Headlines

April 17, 2024 | americanbankingnews.com

Short Interest in Brookline Bancorp, Inc. (NASDAQ:BRKL) Declines By 5.4%

April 17, 2024 | americanbankingnews.com

Brookline Bancorp (BRKL) Scheduled to Post Earnings on Wednesday

April 18, 2024 | Paradigm Press (Ad)

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April 4, 2024 | globenewswire.com

Brookline Bancorp, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

March 1, 2024 | finance.yahoo.com

Brookline Bancorp, Inc. (NASDAQ:BRKL) is favoured by institutional owners who hold 80% of the company

February 23, 2024 | ca.finance.yahoo.com

BRKL Jun 2024 10.000 call

February 19, 2024 | finance.yahoo.com

BRKL Mar 2024 15.000 call

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Here's Why Brookline (BRKL) is Poised for a Turnaround After Losing -6.51% in 4 Weeks

February 8, 2024 | finance.yahoo.com

Here's Why Brookline (BRKL) Looks Ripe for Bottom Fishing

February 3, 2024 | finance.yahoo.com

Don't Buy Brookline Bancorp, Inc. (NASDAQ:BRKL) For Its Next Dividend Without Doing These Checks

January 29, 2024 | markets.businessinsider.com

Brookline Bancorp (BRKL) Receives a Hold from KBW

January 27, 2024 | finance.yahoo.com

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