Announcement • Sep 02
Brookline Bancorp, Inc.(NasdaqGS:BRKL) dropped from S&P Regional Banks Select Industry Index Brookline Bancorp, Inc.(NasdaqGS:BRKL) dropped from S&P Regional Banks Select Industry Index Declared Dividend • Jul 27
Second quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 8th August 2025 Payment date: 22nd August 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 103% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 24
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$0.25 (up from US$0.18 in 2Q 2024). Revenue: US$87.7m (up 8.4% from 2Q 2024). Net income: US$22.0m (up 35% from 2Q 2024). Profit margin: 25% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jul 24
Brookline Bancorp, Inc. Approves Dividend for Quarter Ended March 31, 2025, Payable on August 22, 2025 Brookline Bancorp, Inc.’s Board of Directors approved a dividend of $0.135 per share for the quarter ended June 30, 2025. The dividend will be paid on August 22, 2025 to stockholders of record on August 8, 2025. Announcement • Jul 08
Brookline Bancorp, Inc. to Report Q2, 2025 Results on Jul 23, 2025 Brookline Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • Jun 30
Brookline Bancorp, Inc.(NasdaqGS:BRKL) dropped from Russell 2000 Dynamic Index Brookline Bancorp, Inc.(NasdaqGS:BRKL) dropped from Russell 2000 Dynamic Index Declared Dividend • Apr 27
First quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 61% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: US$0.21 (up from US$0.17 in 1Q 2024). Revenue: US$85.5m (up 6.2% from 1Q 2024). Net income: US$19.1m (up 30% from 1Q 2024). Profit margin: 22% (up from 18% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Apr 08
Brookline Bancorp, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Brookline Bancorp, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2025 Reported Earnings • Mar 04
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$0.77 (down from US$0.85 in FY 2023). Revenue: US$333.6m (flat on FY 2023). Net income: US$68.7m (down 8.4% from FY 2023). Profit margin: 21% (down from 23% in FY 2023). Net interest margin (NIM): 3.06% (down from 3.24% in FY 2023). Cost-to-income ratio: 68.1% (up from 64.5% in FY 2023). Non-performing loans: 0.71% (up from 0.45% in FY 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 07
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.14 to US$0.105. Revenue forecast unchanged from US$559.4m at last update. Net income forecast to shrink 71% next year vs 13% growth forecast for Banks industry in the US . Consensus price target broadly unchanged at US$14.94. Share price rose 2.4% to US$12.52 over the past week. Declared Dividend • Feb 02
Fourth quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (70% payout ratio) and is expected to be covered in 3 years' time (52% forecast payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 226% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$0.77 (down from US$0.85 in FY 2023). Revenue: US$333.6m (flat on FY 2023). Net income: US$68.7m (down 8.4% from FY 2023). Profit margin: 21% (down from 23% in FY 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 10
Brookline Bancorp, Inc. to Report Q4, 2024 Results on Jan 29, 2025 Brookline Bancorp, Inc. announced that they will report Q4, 2024 results After-Market on Jan 29, 2025 Price Target Changed • Dec 20
Price target increased by 7.5% to US$14.88 Up from US$13.83, the current price target is an average from 4 analysts. New target price is 25% above last closing price of US$11.94. The company is forecast to post earnings per share of US$0.81 for next year compared to US$0.85 last year. Announcement • Dec 18
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) entered into a definitive agreement pursuant to acquire Brookline Bancorp, Inc. (NasdaqGS:BRKL) in a merger of equals transaction for approximately $1.1 billion. Berkshire Hills Bancorp, Inc. (NYSE:BHLB) entered into a definitive agreement to acquire Brookline Bancorp, Inc. (NasdaqGS:BRKL) in a merger of equals transaction for approximately $1.1 billion on December 16, 2024. Under the terms of the definitive agreement each outstanding share of Brookline common stock will be exchanged for the right to receive 0.42 shares of Berkshire common stock. The combined company will trade on the New York Stock Exchange and will announce a new name and ticker symbol prior to closing. The combined bank will also operate under a new name to be announced prior to closing. Berkshire shareholders will own approximately 51%, Brookline shareholders will own approximately 45%, and investors in new shares will own approximately 4% of the outstanding shares of the combined company. In conjunction with the planned merger, Berkshire also announced that it has entered into subscription agreements with investors to raise capital to support the merger. In aggregate, $100 million of Berkshire common stock will be issued at $29 per share. The Merger Agreement provides certain termination rights for both Brookline and Berkshire and further provides that a termination fee of $45 million will be payable by either Brookline or Berkshire, as applicable, upon termination of the Merger Agreement under certain circumstances. The executive headquarters for the combined company will be located at 131 Clarendon Street in Boston, MA, with operations centers located throughout the Northeast. The transaction is subject to satisfaction of customary closing conditions, including receipt of required regulatory approvals, effectiveness of the registration statement on Form S-4 for the Berkshire Common Stock to be issued in the Merger and approvals from Berkshire and Brookline shareholders. The transaction was unanimously approved by the Boards of Directors of both companies. The transaction is expected to close by the end of the second half of 2025. Raymond James & Associates, Inc. acted as exclusive financial advisor to Berkshire and delivered a fairness opinion to the Board of Directors of Berkshire. Lawrence M.F. Spaccasi, Marc Levy and Max Seltzer, of Luse Gorman, PC served as legal counsel to Berkshire. Hovde Group, LLC acted as exclusive financial advisor to Brookline in the transaction and delivered a fairness opinion to the Board of Directors of Brookline. Samantha M. Kirby, William McCurdy, Sarah M. Bock, Robert M. Hale, and Robert G. Kester of Goodwin Procter LLP served as legal counsel to Brookline. Announcement • Dec 17
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announces Executive Appointments to Their Combined Company Berkshire Hills Bancorp, Inc. ("Berkshire") and Brookline Bancorp, Inc. ("Brookline") announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. The combined company's Board of Directors will consist of eight directors from Berkshire and eight directors from Brookline. David Brunelle, Chairperson of Berkshire's Board of Directors, will serve as Chairperson of the Board of the combined company and the combined bank. Each of the executives below will serve in their capacities at the combined company and the combined bank at closing. Paul A. Perrault, the current Chairman and Chief Executive Officer of Brookline, will serve as President and Chief Executive Officer. Carl M. Carlson, the current Co-President and Chief Financial and Strategy Officer of Brookline, will serve as Chief Financial and Strategy Officer. Jacqueline Courtwright, the current Chief Human Resources & Culture Officer of Berkshire, will serve as Chief Human Resources Officer. Sean Gray, the current Chief Operating Officer of Berkshire and President of Berkshire Bank, will serve as Chief Operations Officer. Michael McCurdy, the current Co-President and Chief Operating Officer of Brookline, will serve as Chief Banking Officer. Mark Meiklejohn, the current Chief Credit Officer of Brookline, will serve as Chief Credit Officer. Wm. Gordon Prescott, the current General Counsel & Corporate Secretary of Berkshire, will serve as General Counsel. The combined bank will be divided into six regions. Each of those regions will be led by an experienced local leader who will be responsible for the overall business performance in their markets. Three will be from Berkshire and three will be from Brookline. This model will allow the combined company to achieve the efficiencies of operating one bank while maintaining a regional banking structure that enables local market leaders to make autonomous decisions with the support and balance sheet of a larger institution. The six Regional Presidents and their current role are: Darryl Fess, who currently serves as the President and Chief Executive Officer of Brookline Bank. Michael Goldrick, who currently serves as the President and Chief Executive Officer of PCSB Bank. James Hickson, who currently serves as the Senior Managing Director – Middle Market and Regional President of Berkshire Bank. Elizabeth Mineo, who currently serves as the Managing Director – Private Banking of Berkshire Bank. James Morris, who currently serves as the Market President of New York and Managing Director – Commercial Real Estate of Berkshire Bank. William Tsonos, who currently serves as the President and Chief Executive Officer of Bank Rhode Island. Price Target Changed • Dec 16
Price target increased by 12% to US$14.50 Up from US$13.00, the current price target is an average from 3 analysts. New target price is 16% above last closing price of US$12.49. The company is forecast to post earnings per share of US$0.81 for next year compared to US$0.85 last year. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.6%). Price Target Changed • Oct 28
Price target increased by 8.3% to US$13.00 Up from US$12.00, the current price target is an average from 3 analysts. New target price is 15% above last closing price of US$11.26. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$0.81 for next year compared to US$0.85 last year. Declared Dividend • Oct 27
Third quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (65% payout ratio) and is expected to be covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Oct 25
Price target increased by 10% to US$12.67 Up from US$11.50, the current price target is an average from 3 analysts. New target price is 17% above last closing price of US$10.86. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$0.81 for next year compared to US$0.85 last year. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.23 (down from US$0.26 in 3Q 2023). Revenue: US$84.7m (down 2.1% from 3Q 2023). Net income: US$20.1m (down 11% from 3Q 2023). Profit margin: 24% (down from 26% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Oct 08
Brookline Bancorp, Inc. to Report Q3, 2024 Results on Oct 23, 2024 Brookline Bancorp, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Aug 11
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.0%). Declared Dividend • Jul 28
Second quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: US$0.18 (down from US$0.25 in 2Q 2023). Revenue: US$80.8m (down 5.6% from 2Q 2023). Net income: US$16.4m (down 25% from 2Q 2023). Profit margin: 20% (down from 26% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
Brookline Bancorp, Inc. Approves Dividend for the Quarter Ended June 30, 2024, Payable on August 30, 2024 Brookline Bancorp, Inc. approved a dividend of $0.135 per share for the quarter ended June 30, 2024. The dividend will be paid on August 30, 2024 to stockholders of record on August 16, 2024. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$9.94, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total loss to shareholders of 17% over the past three years. Announcement • Jul 04
Brookline Bancorp, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Brookline Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Buy Or Sell Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to US$8.30. The fair value is estimated to be US$10.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 5.3% in a year. Earnings are forecast to decline by 11% in the next year. Price Target Changed • Apr 29
Price target decreased by 10% to US$11.50 Down from US$12.80, the current price target is an average from 5 analysts. New target price is 38% above last closing price of US$8.35. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of US$0.75 for next year compared to US$0.85 last year. Declared Dividend • Apr 28
First quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next year, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 26
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$364.8m to US$350.0m. EPS estimate also fell from US$0.973 per share to US$0.82 per share. Net income forecast to shrink 3.0% next year vs 0.9% growth forecast for Banks industry in the US . Consensus price target down from US$12.80 to US$12.40. Share price fell 7.1% to US$8.42 over the past week. Reported Earnings • Apr 25
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: US$0.17 (up from US$0.087 in 1Q 2023). Revenue: US$80.5m (up 9.6% from 1Q 2023). Net income: US$14.7m (up 94% from 1Q 2023). Profit margin: 18% (up from 10% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Apr 05
Brookline Bancorp, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Brookline Bancorp, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Recent Insider Transactions • Mar 10
Chief Operations Officer recently sold US$160k worth of stock On the 8th of March, James Cosman sold around 16k shares on-market at roughly US$10.00 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Reported Earnings • Feb 29
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: US$0.85 (down from US$1.42 in FY 2022). Revenue: US$333.4m (up 4.4% from FY 2022). Net income: US$75.0m (down 32% from FY 2022). Profit margin: 23% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.24% (down from 3.67% in FY 2022). Cost-to-income ratio: 64.5% (up from 54.7% in FY 2022). Non-performing loans: 0.45% (up from 0.19% in FY 2022). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.14 per share at 5.0% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 23 February 2024. Trailing yield: 5.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.2%). Declared Dividend • Jan 28
Fourth quarter dividend of US$0.14 announced Dividend of US$0.14 is the same as last year. Ex-date: 8th February 2024 Payment date: 23rd February 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (64% payout ratio) and is expected to be covered in 3 years' time (50% forecast payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 25
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: US$0.85 (down from US$1.42 in FY 2022). Revenue: US$333.4m (up 4.4% from FY 2022). Net income: US$75.0m (down 32% from FY 2022). Profit margin: 23% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Price Target Changed • Jan 10
Price target increased by 7.3% to US$11.70 Up from US$10.90, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$10.50. Stock is down 24% over the past year. The company is forecast to post earnings per share of US$0.86 for next year compared to US$1.42 last year. Announcement • Jan 05
Brookline Bancorp, Inc. to Report Q4, 2023 Results on Jan 24, 2024 Brookline Bancorp, Inc. announced that they will report Q4, 2023 results After-Market on Jan 24, 2024 Buying Opportunity • Dec 20
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be US$13.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.3%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 17% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$9.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$14.08 per share. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.14 per share at 6.5% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (4.0%). Price Target Changed • Oct 30
Price target decreased by 7.4% to US$10.70 Down from US$11.55, the current price target is an average from 5 analysts. New target price is 30% above last closing price of US$8.21. Stock is down 40% over the past year. The company is forecast to post earnings per share of US$0.82 for next year compared to US$1.42 last year. Announcement • Oct 28
Brookline Bancorp, Inc. Announces Board Retirements, Effective on December 31, 2023 The Board of Directors of Brookline Bancorp, Inc. announced the retirements of David C. Chapin, John A. Hackett, John L. Hall, II, and Peter O. Wilde effective as of December 31, 2023, notice of which was provided to the Board at its regular meeting on October 25, 2023. Messrs. Chapin, Hackett, Hall, and Wilde are longstanding directors of the Company and Brookline Bank who have made valuable contributions to the Company and Brookline Bank throughout their terms. Effective upon Messrs. Chapin, Hackett, Hall, and Wilde's retirement as directors, the size of the company's Board of Directors will be reduced from fifteen to eleven directors. Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.26 (down from US$0.39 in 3Q 2022). Revenue: US$86.5m (up 5.5% from 3Q 2022). Net income: US$22.7m (down 25% from 3Q 2022). Profit margin: 26% (down from 37% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 06
Brookline Bancorp, Inc. to Report Q3, 2023 Results on Oct 25, 2023 Brookline Bancorp, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Upcoming Dividend • Aug 03
Upcoming dividend of US$0.14 per share at 5.1% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%). Buying Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be US$13.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 1.1% in the next year. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: US$0.25 (down from US$0.33 in 2Q 2022). Revenue: US$85.6m (up 9.0% from 2Q 2022). Net income: US$21.9m (down 13% from 2Q 2022). Profit margin: 26% (down from 32% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Brookline Bancorp, Inc. Approves Dividend for the Quarter Ended June 30, 2023, Payable on August 25, 2023 Brookline Bancorp, Inc.'s Board of Directors approved a dividend of $0.135 per share for the quarter ended June 30, 2023. The dividend will be paid on August 25, 2023 to stockholders of record on August 11, 2023. Announcement • Jul 07
Brookline Bancorp, Inc. to Report Q2, 2023 Results on Jul 26, 2023 Brookline Bancorp, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 