NasdaqGS:BRKL

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Brookline Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

BRKL

3.7%

US Banks

1.8%

US Market


1 Year Return

-3.8%

BRKL

1.9%

US Banks

7.3%

US Market

Return vs Industry: BRKL underperformed the US Banks industry which returned 1.9% over the past year.

Return vs Market: BRKL underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

BRKLIndustryMarket
7 Day2.9%3.7%1.8%
30 Day2.2%0.2%-0.7%
90 Day1.4%2.5%0.06%
1 Year-1.0%-3.8%4.9%1.9%9.7%7.3%
3 Year27.4%18.0%51.7%41.2%46.3%36.9%
5 Year90.6%65.2%69.7%51.2%64.5%46.5%

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

Valuation

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

13.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BRKL ($15.05) is trading above our estimate of fair value ($9.19)

Significantly Undervalued: BRKL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BRKL is poor value based on its PE Ratio (13.9x) compared to the Banks industry average (12.6x).

PE vs Market: BRKL is good value based on its PE Ratio (13.9x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: BRKL is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: BRKL is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRKL's forecast earnings growth (4.9% per year) is above the savings rate (2.7%).

Earnings vs Market: BRKL's earnings (4.9% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: BRKL's earnings are forecast to grow, but not significantly.

Revenue vs Market: BRKL's revenue (2.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BRKL's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if BRKL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Brookline Bancorp performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BRKL's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: BRKL's earnings growth over the past year (40.4%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: BRKL earnings growth over the past year (40.4%) exceeded the Banks industry 30.5%.


Return on Equity

High ROE: BRKL's Return on Equity (9.6%) is considered low.


Return on Assets

ROA vs Industry: BRKL has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BRKL's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

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

Inventory Level: BRKL has a low level of unsold assets or inventory.

Debt Coverage by Assets: BRKL's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: BRKL's level of assets compared to its equity is low.

Allowance for Bad Loans: BRKL has a sufficient allowance for bad loans.

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

Loan Level: BRKL has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BRKL's loans are broadly funded by customer deposits.

Level of Bad Loans: BRKL has an appropriate level of bad loans (0.33%)


Next Steps

Dividend

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

2.92%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.7%industryaverage3.0%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BRKL's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BRKL's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.72%).

Stable Dividend: BRKL's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.4%), BRKL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Brookline Bancorp's salary, the management and board of directors tenure and is there insider trading?

8.1yrs

Average management tenure


CEO

Paul Perrault (67yo)

10.5yrs

Tenure

US$2,164,595

Compensation

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 ($USD2.16M) is about average for companies of similar size in the US market ($USD4.07M).

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


Management Age and Tenure

8.1yrs

Average Tenure

57yo

Average Age

Experienced Management: BRKL's management team is seasoned and experienced (8.1 years average tenure).


Board Age and Tenure

10.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: BRKL's board of directors are seasoned and experienced ( 10.5 years average tenure).


Insider Trading

Insider Buying: BRKL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$296,88316 Sep 19
James McCarthy
EntityIndividual
Role
Unit Chairman
Chairman
Shares20,155
Max PriceUS$14.73
SellUS$29,84013 Sep 19
John Hackett
EntityIndividual
Shares2,000
Max PriceUS$14.92
SellUS$65,99703 Sep 19
Michael McCurdy
EntityIndividual
Role
Chief Legal Officer
Chief Risk Officer
Shares4,704
Max PriceUS$14.03
SellUS$38,32713 Jun 19
Michael McCurdy
EntityIndividual
Role
Chief Legal Officer
Chief Risk Officer
Shares2,574
Max PriceUS$14.89
SellUS$350,95812 Jun 19
Mark Meiklejohn
EntityIndividual
Role
Unit Board Member
President
Shares23,335
Max PriceUS$15.04
SellUS$16,25329 Apr 19
John Hackett
EntityIndividual
Shares1,070
Max PriceUS$15.19
SellUS$193,08015 Feb 19
Charles Peck
EntityIndividual
Role
Member of the Board of Directors
Director
Shares12,000
Max PriceUS$16.09
BuyUS$1,51028 Nov 18
Joanne Chang
EntityIndividual
Shares100
Max PriceUS$15.10
BuyUS$15,60031 Oct 18
John Doyle
EntityIndividual
Shares1,000
Max PriceUS$15.60

Ownership Breakdown


Management Team

  • Paul Perrault (67yo)

    President

    • Tenure: 10.5yrs
    • Compensation: US$2.16m
  • Darryl Fess (57yo)

    President & CEO of Brookline Bank

    • Tenure: 3.1yrs
    • Compensation: US$687.25k
  • M. Rose (67yo)

    Chief Credit Officer

    • Tenure: 10.2yrs
    • Compensation: US$683.64k
  • Mark Meiklejohn (55yo)

    President

    • Tenure: 0yrs
    • Compensation: US$673.22k
  • Bill MacKenzie

    Senior Vice President of Commercial Lending

    • Tenure: 13.7yrs
  • Michael Fanger (61yo)

    CEO of Eastern Funding LLC

    • Tenure: 0yrs
    • Compensation: US$538.47k
  • Michael McCurdy (50yo)

    Chief Risk Officer

    • Tenure: 0yrs
    • Compensation: US$514.94k
  • Jim Cosman (68yo)

    Chief Operations Officer

    • Tenure: 8.1yrs
    • Compensation: US$584.57k
  • Carl Carlson (55yo)

    Chief Financial Officer

    • Tenure: 5.5yrs
    • Compensation: US$804.16k
  • Sandra Jenkins (57yo)

    Chief Human Resources Officer

    • Tenure: 4.3yrs

Board Members

  • Paul Perrault (67yo)

    President

    • Tenure: 10.5yrs
    • Compensation: US$2.16m
  • Charlie Peck (78yo)

    Director

    • Tenure: 24.8yrs
    • Compensation: US$110.20k
  • Jim McCarthy (58yo)

    Chairman

    • Tenure: 3yrs
  • Peter Wilde (79yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$120.20k
  • Joe Slotnik (82yo)

    Chairman of the Board

    • Tenure: 8.5yrs
    • Compensation: US$130.20k
  • David Chapin (82yo)

    Director

    • Tenure: 30.8yrs
    • Compensation: US$120.20k
  • Tom Hollister (64yo)

    Director

    • Tenure: 10.5yrs
    • Compensation: US$120.20k
  • Bob Nowak (55yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$115.20k
  • Mark Meiklejohn (55yo)

    President

    • Tenure: 0yrs
    • Compensation: US$673.22k
  • Michael Fanger (61yo)

    CEO of Eastern Funding LLC

    • Tenure: 0yrs
    • Compensation: US$538.47k

Company Information

Brookline Bancorp, Inc.'s company bio, 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$1.200b
  • Shares outstanding: 79.74m
  • Website: https://www.brooklinebancorp.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRKLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1998
BB3DB (Deutsche Boerse AG)YesCommon StockDEEURMar 1998

Biography

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 servic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:32
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.