Analysts’ Weekly Ratings Changes for Brookline Bancorp (BRKL)

Several analysts have recently updated their ratings and price targets for Brookline Bancorp (NASDAQ: BRKL):

• 1/3/2025 – Brookline Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/26/2024 – Brookline Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/24/2024 – Brookline Bancorp was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $14.50 price target on the stock.
• 12/20/2024 – Brookline Bancorp was upgraded by analysts at Raymond James from a “market perform” rating to a “strong-buy” rating. They now have a $16.00 price target on the stock.
• 12/4/2024 – Brookline Bancorp was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $14.50 price target on the stock, up previously from $12.00.

Brookline Bancorp Trading Up 1.1 %

Shares of NASDAQ BRKL opened at $11.73 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1.05 billion, a PE ratio of 14.13 and a beta of 0.79. The business has a 50-day moving average price of $12.16 and a two-hundred day moving average price of $10.62. Brookline Bancorp, Inc. has a one year low of $8.01 and a one year high of $13.15.

Brookline Bancorp (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $165.91 million during the quarter, compared to analysts’ expectations of $88.67 million. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, analysts predict that Brookline Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.135 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.54 annualized dividend and a yield of 4.60%. Brookline Bancorp’s dividend payout ratio (DPR) is currently 65.06%.

Institutional Trading of Brookline Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRKL. Versant Capital Management Inc raised its position in shares of Brookline Bancorp by 124.2% during the fourth quarter. Versant Capital Management Inc now owns 2,879 shares of the bank’s stock valued at $34,000 after buying an additional 1,595 shares during the last quarter. FMR LLC increased its stake in Brookline Bancorp by 174.9% during the third quarter. FMR LLC now owns 5,154 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,279 shares during the period. Creative Planning acquired a new position in Brookline Bancorp in the 3rd quarter valued at approximately $103,000. Townsquare Capital LLC bought a new stake in shares of Brookline Bancorp in the 3rd quarter worth approximately $111,000. Finally, XTX Topco Ltd acquired a new stake in shares of Brookline Bancorp during the 2nd quarter worth approximately $115,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

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.