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BRKL

Brookline BancorpNasdaqGS:BRKL Stock Report

Market Cap

US$1.2b

7D

8.7%

1Y

76.7%

Updated

28 Sep, 2021

Data

Company Financials +
BRKL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

BRKL 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.

Brookline Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Brookline Bancorp
Historical stock prices
Current Share PriceUS$15.27
52 Week HighUS$8.46
52 Week LowUS$17.14
Beta0.76
1 Month Change2.48%
3 Month Change2.14%
1 Year Change76.74%
3 Year Change-7.00%
5 Year Change25.16%
Change since IPO101.62%

Recent News & Updates

Aug 01
Brookline Bancorp's (NASDAQ:BRKL) Shareholders Will Receive A Bigger Dividend Than Last Year

Brookline Bancorp's (NASDAQ:BRKL) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Brookline Bancorp, Inc. ( NASDAQ:BRKL ) has announced that it will be increasing its dividend on the 27th...

Shareholder Returns

BRKLUS BanksUS Market
7D8.7%8.9%2.0%
1Y76.7%79.6%32.8%

Return vs Industry: BRKL underperformed the US Banks industry which returned 79.6% over the past year.

Return vs Market: BRKL exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is BRKL's price volatile compared to industry and market?
BRKL volatility
BRKL Beta0.76
Industry Beta1.37
Market Beta1

Stable Share Price: BRKL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BRKL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1871797Paul Perraulthttps://www.brooklinebancorp.com

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 non-interest-bearing demand checking, NOW, savings, and money market 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 for equipment financing for small businesses; financing for construction and development projects; and home equity and other consumer loans.

Brookline Bancorp Fundamentals Summary

How do Brookline Bancorp's earnings and revenue compare to its market cap?
BRKL fundamental statistics
Market CapUS$1.21b
Earnings (TTM)US$103.40m
Revenue (TTM)US$297.22m

11.5x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRKL income statement (TTM)
RevenueUS$297.22m
Cost of RevenueUS$0
Gross ProfitUS$297.22m
ExpensesUS$193.82m
EarningsUS$103.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.32
Gross Margin100.00%
Net Profit Margin34.79%
Debt/Equity Ratio46.6%

How did BRKL perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Brookline Bancorp undervalued compared to its fair value and its price relative to the market?

28.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRKL ($15.27) is trading below our estimate of fair value ($21.47)

Significantly Below Fair Value: BRKL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BRKL is poor value based on its PE Ratio (11.5x) compared to the US Banks industry average (11.2x).

PE vs Market: BRKL is good value based on its PE Ratio (11.5x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: BRKL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BRKL's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Brookline Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRKL's earnings are forecast to decline over the next 3 years (-10% per year).

Earnings vs Market: BRKL's earnings are forecast to decline over the next 3 years (-10% per year).

High Growth Earnings: BRKL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BRKL's revenue (0.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: BRKL's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRKL's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Brookline Bancorp performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRKL has high quality earnings.

Growing Profit Margin: BRKL's current net profit margins (34.8%) are higher than last year (21.4%).


Past Earnings Growth Analysis

Earnings Trend: BRKL's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: BRKL's earnings growth over the past year (119.6%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: BRKL earnings growth over the past year (119.6%) exceeded the Banks industry 36%.


Return on Equity

High ROE: BRKL's Return on Equity (10.6%) is considered low.


Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: BRKL's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: BRKL has a sufficient allowance for bad loans (311%).

Low Risk Liabilities: 92% of BRKL's liabilities are made up of primarily low risk sources of funding.

Loan Level: BRKL has an appropriate level of Loans to Assets ratio (82%).

Low Risk Deposits: BRKL's Loans to Deposits ratio (100%) is appropriate.

Level of Bad Loans: BRKL has an appropriate level of bad loans (0.5%).


Dividend

What is Brookline Bancorp current dividend yield, its reliability and sustainability?

3.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRKL's dividend (3.14%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: BRKL's dividend (3.14%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: BRKL's dividends per share have been stable in the past 10 years.

Growing Dividend: BRKL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.7%), BRKL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRKL's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Paul Perrault (69 yo)

12.42yrs

Tenure

US$2,307,956

Compensation

Mr. Paul A. Perrault has been the Chief Executive Officer of Brookline BanCorp, Inc. since April 16, 2009 and served as its President March 16, 2009 until June 2021. He has been Chairman of Brookline BanCo...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.31M) is below average for companies of similar size in the US market ($USD3.66M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BRKL's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: BRKL's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brookline Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Brookline Bancorp, Inc.
  • Ticker: BRKL
  • Exchange: NasdaqGS
  • Founded: 1871
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.205b
  • Shares outstanding: 78.15m
  • Website: https://www.brooklinebancorp.com

Number of Employees


Location

  • Brookline Bancorp, Inc.
  • 131 Clarendon Street
  • Boston
  • Massachusetts
  • 2116
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 22:11
End of Day Share Price2021/09/28 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.