Brookline Bancorp (BRKL) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $11.88 to $12.06
• 50-Day Range: $9.70 to $12.77
• 52-Week Range: $8.01 to $13.15
• Volume: 370,831 shs
• Average Volume: 516,102 shs
• Market Capitalization: $1.07 billion
• P/E Ratio: 14.49
• Dividend Yield: 4.49%
• Price Target: $11.50
• Consensus Rating: Moderate Buy

Brookline Bancorp Stock Analysis - MarketRank™

Brookline Bancorp scored higher than 82% of companies evaluated by MarketBeat, and ranked 279th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Brookline Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Brookline Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.71%

Earnings Growth

Earnings for Brookline Bancorp are expected to grow by 31.71% in the coming year, from $0.82 to $1.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Brookline Bancorp is 14.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brookline Bancorp is 14.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.29.

Price to Book Value per Share Ratio

Brookline Bancorp has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.26% 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 1.9, 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 10.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Brookline Bancorp is a leading dividend payer. It pays a dividend yield of 4.35%, 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 65.06%. 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 50.00% next year. This indicates that Brookline Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.26% 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 1.9, 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 10.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Brookline Bancorp has a news sentiment score of 1.91. 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 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Brookline Bancorp this week, compared to 2 articles on an average week.

MarketBeat Follows

2 people have added Brookline Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

BRKL Stock Analysis - Frequently Asked Questions

How have BRKL shares performed this year?

Brookline Bancorp's stock was trading at $10.91 on January 1st, 2024. Since then, BRKL stock has increased by 10.3% and is now trading at $12.03.
View the best growth stocks for 2024 here.

How were Brookline Bancorp's earnings last quarter?

Brookline Bancorp, Inc. (NASDAQ:BRKL) announced its earnings results on Wednesday, October, 23rd. The bank reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. The bank had revenue of $165.91 million for the quarter, compared to the consensus estimate of $88.67 million. Brookline Bancorp had a trailing twelve-month return on equity of 6.20% and a net margin of 11.40%.

Who are Brookline Bancorp's major shareholders?

Top institutional investors of Brookline Bancorp include State Street Corp (4.63%), Jennison Associates LLC (3.27%), Geode Capital Management LLC (2.34%) and Hotchkis & Wiley Capital Management LLC (1.47%). Insiders that own company stock include Bogdan Nowak, Carl M Carlson, David C Chapin, Darryl J Fess, John A Hackett, Willard I Hill Jr, Thomas J Hollister and Charles H Peck.
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.

What other stocks do shareholders of Brookline Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brookline Bancorp investors own include HD Supply (HDS), Invesque (IVQ), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 10/23/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/20/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:BRKL
• CUSIP: 11373M10
• CIK: 1049782
• Web: www.brooklinebancorp.com
• Phone: (617) 425-4600
• Fax: 800-253-5177
• Employees: 1,018
• Year Founded: 1871

Price Target and Rating

• Average Stock Price Target: $11.50
• High Stock Price Target: $12.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -4.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.83
• Trailing P/E Ratio: 14.49
• Forward P/E Ratio: 14.67
• P/E Growth: N/A
• Net Income: $75 million
• Net Margins: 11.40%
• Pretax Margin: 14.84%
• Return on Equity: 6.20%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 1.22
• Current Ratio: 1.13
• Quick Ratio: 1.13

Sales & Book Value

• Annual Sales: $609.22 million
• Price / Sales: 1.76
• Cash Flow: $1.03 per share
• Price / Cash Flow: 11.73
• Book Value: $13.49 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 89,100,000
• Free Float: 86,826,000
• Market Cap: $1.07 billion
• Optionable: Optionable
• Beta: 0.76