NasdaqGS:BRKL

Stock Analysis Report

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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. More Details


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.


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

Stable Share Price: BRKL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.4%

BRKL

3.9%

US Banks

-0.4%

US Market


1 Year Return

-36.4%

BRKL

-26.3%

US Banks

18.3%

US Market

Return vs Industry: BRKL underperformed the US Banks industry which returned -26.3% over the past year.

Return vs Market: BRKL underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

BRKLIndustryMarket
7 Day6.4%3.9%-0.4%
30 Day17.3%12.0%6.6%
90 Day2.2%5.4%8.6%
1 Year-33.8%-36.4%-23.6%-26.3%21.0%18.3%
3 Year-30.8%-36.8%-16.3%-23.3%42.1%32.7%
5 Year2.5%-11.7%21.9%6.8%85.6%64.7%

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?

16.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRKL ($10.02) is trading above our estimate of fair value ($5.48)

Significantly Below Fair Value: 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 (16.9x) compared to the US Banks industry average (10.3x).

PE vs Market: BRKL is good value based on its PE Ratio (16.9x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: BRKL is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BRKL's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Brookline Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

30.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRKL's forecast earnings growth (30.7% per year) is above the savings rate (2.2%).

Earnings vs Market: BRKL's earnings (30.7% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BRKL's revenue (6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: BRKL's revenue (6% 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 (6.9%).


Next Steps

Past Performance

How has Brookline Bancorp performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRKL has high quality earnings.

Growing Profit Margin: BRKL's current net profit margins (21.4%) are lower than last year (31.9%).


Past Earnings Growth Analysis

Earnings Trend: BRKL's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: BRKL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRKL had negative earnings growth (-45.6%) over the past year, making it difficult to compare to the Banks industry average (-3.7%).


Return on Equity

High ROE: BRKL's Return on Equity (5.1%) is considered low.


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


Financial Institutions Analysis

Asset Level: BRKL's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: BRKL has a sufficient allowance for bad loans (289%).

Low Risk Liabilities: 79% 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 (80%).

Low Risk Deposits: BRKL's Loans to Deposits ratio (113%) is appropriate.

Level of Bad Loans: BRKL has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

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

4.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRKL's dividend (4.59%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: BRKL's dividend (4.59%) is in the top 25% of dividend payers in the US market (4.56%)


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: At its current payout ratio (77.6%), BRKL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRKL's dividends in 3 years are forecast to be covered by earnings (54.3% payout ratio).


Next Steps

Management

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

10.1yrs

Average management tenure


CEO

Paul Perrault (68 yo)

11.5yrs

Tenure

US$2,247,200

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 ($USD2.25M) is about average for companies of similar size in the US market ($USD2.94M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Perrault
President11.5yrsUS$2.25m0.60%
$ 4.8m
Carl Carlson
Chief Financial Officer6.5yrsUS$903.91k0.12%
$ 963.9k
M. Rose
Chief Credit Officer11.17yrsUS$755.97k0.10%
$ 792.3k
Darryl Fess
President & CEO of Brookline Bank4.08yrsUS$782.08k0.064%
$ 502.0k
Mark Meiklejohn
Presidentno dataUS$863.07k0.081%
$ 636.5k
James Cosman
Chief Operations Officer9.08yrsUS$584.57k0.066%
$ 520.5k
Michael McCurdy
Chief Risk Officerno dataUS$514.94k0.043%
$ 340.9k
Janytra Brooks
Chief Human Resources Officerno datano datano data
William MacKenzie
Senior Vice President of Commercial Lending14.67yrsno datano data
Michael Fanger
CEO of Eastern Funding LLCno dataUS$538.47kno data
Gretchen Annese
Vice President of Underwriting & Operations for Business Banking and Retail Lendingno datano datano data
Marissa Martin
Associate General Counselno datano datano data

10.1yrs

Average Tenure

60yo

Average Age

Experienced Management: BRKL's management team is seasoned and experienced (10.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Perrault
President11.5yrsUS$2.25m0.60%
$ 4.8m
Mark Meiklejohn
Presidentno dataUS$863.07k0.081%
$ 636.5k
Michael Fanger
CEO of Eastern Funding LLCno dataUS$538.47kno data
Charles Peck
Independent Director25.75yrsUS$97.75k0.30%
$ 2.4m
John Hackett
Independent Director13.5yrsUS$104.14k0.058%
$ 455.2k
Peter Wilde
Independent Director27.75yrsUS$110.25k0.22%
$ 1.7m
Joseph Slotnik
Independent Chairman of the Board9.5yrsUS$137.75k0.24%
$ 1.9m
John Hall
Independent Director37.75yrsUS$97.75k0.27%
$ 2.1m
David Chapin
Independent Director31.75yrsUS$110.25k0.15%
$ 1.2m
Thomas Hollister
Independent Director11.5yrsUS$110.25k0.052%
$ 412.8k
Bogdan Nowak
Independent Director8.75yrsUS$110.25k0.14%
$ 1.1m
John Doyle
Independent Director14.5yrsUS$97.75k0.051%
$ 400.8k

14.0yrs

Average Tenure

79yo

Average Age

Experienced Board: BRKL's board of directors are seasoned and experienced ( 14 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 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$790.116m
  • Shares outstanding: 78.85m
  • 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 Analysis2020/10/25 23:39
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.