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.
Flawless balance sheet with proven track record.
Share Price & News
How has Brookline Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BB3 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BB3 matched the German Banks industry which returned 0.9% over the past year.
Return vs Market: BB3 underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Brookline Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Brookline Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BB3 (€14.2) is trading below our estimate of fair value (€16.7)
Significantly Below Fair Value: BB3 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BB3 is good value based on its PE Ratio (14x) compared to the Banks industry average (17.7x).
PE vs Market: BB3 is good value based on its PE Ratio (14x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: BB3 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: BB3 is overvalued based on its PB Ratio (1.3x) compared to the DE Banks industry average (0.9x).
How is Brookline Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BB3's forecast earnings growth (7.4% per year) is above the savings rate (-0.4%).
Earnings vs Market: BB3's earnings (7.4% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: BB3's earnings are forecast to grow, but not significantly.
Revenue vs Market: BB3's revenue (4.1% per year) is forecast to grow slower than the German market (5.2% per year).
High Growth Revenue: BB3's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BB3's Return on Equity is forecast to be low in 3 years time (9.8%).
How has Brookline Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BB3 has high quality earnings.
Growing Profit Margin: BB3's current net profit margins (32.1%) are higher than last year (31%).
Past Earnings Growth Analysis
Earnings Trend: BB3's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: BB3's earnings growth over the past year (5.6%) is below its 5-year average (15.1% per year).
Earnings vs Industry: BB3 earnings growth over the past year (5.6%) exceeded the Banks industry -7%.
Return on Equity
High ROE: BB3's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Brookline Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BB3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: BB3's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: BB3's level of assets compared to its equity is low.
Allowance for Bad Loans: BB3 has a sufficient allowance for bad loans.
Low Risk Liabilities: BB3's liabilities are made up of primarily low risk sources of funding.
Loan Level: BB3 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BB3's loans are broadly funded by customer deposits.
Level of Bad Loans: BB3 has an appropriate level of bad loans (0.29%)
What is Brookline Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BB3's dividend (2.98%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: BB3's dividend (2.98%) is low compared to the top 25% of dividend payers in the German market (3.63%).
Stability and Growth of Payments
Stable Dividend: BB3's dividend payments have been volatile in the past 10 years.
Growing Dividend: BB3's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.9%), BB3's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BB3's dividends in 3 years are forecast to be well covered by earnings (36.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Perrault (67yo)
Mr. Paul A. Perrault has been the Chief Executive Officer and President of Brookline BanCorp, Inc. since April 16, 2009 and March 16, 2009 respectively. From 2009 through 2016, Mr. Perrault served as Chief ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD2.16M) is above average for companies of similar size in the German market ($USD1.52M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||5.8yrs||US$804.16k||0.097% $1.1m|
|Chief Credit Officer||10.5yrs||US$683.64k||0.082% $927.7k|
|President & CEO of Brookline Bank||3.4yrs||US$687.25k||0.047% $535.7k|
|Chief Operations Officer||8.4yrs||US$584.57k||0.049% $554.3k|
|Chief Risk Officer||0yrs||US$514.94k||0.027% $300.1k|
|Chief Human Resources Officer||4.6yrs||no data||0.032% $362.2k|
|Senior Vice President of Commercial Lending||14yrs||no data||no data|
|CEO of Eastern Funding LLC||0yrs||US$538.47k||no data|
Experienced Management: BB3's management team is seasoned and experienced (8.4 years average tenure).
|CEO of Eastern Funding LLC||0yrs||US$538.47k||no data|
|Chairman||3.3yrs||no data||0.015% $170.4k|
|Independent Director||27.1yrs||US$120.20k||0.21% $2.4m|
|Chairman of the Board||8.8yrs||US$130.20k||0.23% $2.6m|
|Independent Director||37.1yrs||US$110.20k||0.26% $3.0m|
|Independent Director||10.8yrs||US$120.20k||0.039% $442.9k|
|Independent Director||8.1yrs||US$115.20k||0.12% $1.4m|
Experienced Board: BB3's board of directors are seasoned and experienced ( 10.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Brookline Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Brookline Bancorp, Inc.
- Ticker: BB3
- Exchange: DB
- Founded: 1871
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.229b
- Listing Market Cap: US$1.131b
- Shares outstanding: 79.69m
- Website: https://www.brooklinebancorp.com
Number of Employees
- Brookline Bancorp, Inc.
- 131 Clarendon Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BRKL||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 1998|
|BB3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1998|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 23:11|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.