Last $8.96 USD
Change Today -0.05 / -0.55%
Volume 158.7K
BRKL On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 1:41 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

brookline bancorp inc (BRKL) Snapshot

Open
$9.00
Previous Close
$9.01
Day High
$9.08
Day Low
$8.95
52 Week High
03/21/14 - $9.80
52 Week Low
02/4/14 - $8.55
Market Cap
627.3M
Average Volume 10 Days
197.5K
EPS TTM
$0.53
Shares Outstanding
70.0M
EX-Date
08/13/14
P/E TM
17.0x
Dividend
$0.34
Dividend Yield
3.79%
Current Stock Chart for BROOKLINE BANCORP INC (BRKL)

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brookline bancorp inc (BRKL) Details

Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, and First Ipswich Bank that provides commercial, business, and retail banking services to the corporate, municipal, and individual customers. The company accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It also originates a portfolio of loans that comprise first mortgage loans secured by commercial, multi-family, and residential real estate properties; indirect automobile loans; loans to business entities consisting of commercial lines of credit; loans to condominium associations; and loans and leases used to finance equipment used by small businesses. In addition, the company provides financing for construction and development projects, home equity, and other consumer loans; and cash management, investment advisory, and insurance agency services, as well as invests in debt and equity securities. As of December 31, 2013, it operated 47 banking offices in greater Boston, Massachusetts, and greater Providence, Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.

670 Employees
Last Reported Date: 03/3/14
Founded in 1871

brookline bancorp inc (BRKL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $675.0K
Chief Operating Officer
Total Annual Compensation: $250.0K
Chief Executive Officer of Bank Rhode Island,...
Total Annual Compensation: $310.0K
Chief Credit Officer
Total Annual Compensation: $272.0K
Compensation as of Fiscal Year 2013.

brookline bancorp inc (BRKL) Key Developments

Brookline Bancorp Mulls Acquisitions

Brookline Bancorp, Inc. (NasdaqGS:BRKL) is seeking acquisitions. Brookline Bancorp announced that it has commenced a public offering of $50 million of its fixed-to-floating rate subordinated notes due September 15, 2029. Brookline Bancorp plans to use the net proceeds from the offering for general corporate purposes, which may include supporting the continued growth of its business, acquisitions and repurchases of common stock.

Brookline Bancorp Seeks Acquisitions

Brookline Bancorp, Inc. (NasdaqGS:BRKL) has filed a shelf registration in the amount of $200 million. Brookline Bancorp intends to use the net proceeds from sale of the securities covered by this prospectus for general corporate purposes, which may include refinancing, reducing or repaying debt; investments in the Banks and other subsidiaries as regulatory capital; financing possible investments or acquisition; expansion of the business; and investments at the holding company level.

Brookline Bancorp, Inc. Approves Dividend, Payable on August 29, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Brookline Bancorp, Inc. announced that its Board of Directors approved a dividend of $0.085 per share. The dividend will be paid on August 29, 2014 to shareholders of record on August 15, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $46,434,000 compared to $45,363,000 a year ago. Income before income taxes was $16,226,000 compared to $15,247,000 a year ago. Net income attributable to the company was $9,976,000 or $0.14 basic and diluted per share compared to $9,490,000 or $011 per basic and diluted share for the same period a year ago. Return on average assets decreased to 0.73% from 0.78% for the first quarter of 2014. The return on average tangible assets decreased to 0.75% from 0.80% for the first quarter of 2014. The return on average stockholders' equity decreased to 6.37% from 6.70% for the first quarter of 2014. The return on average tangible stockholders' equity decreased to 8.44% from 8.92% for the first quarter of 2014. For the six months period, the company reported net interest income of $94,168,000 compared to $89,030,000 a year ago. Income before income taxes was $33,065,000 compared to $29,617,000 a year ago. Net income attributable to the company was $20,398,000 or $0.29 basic and diluted per share compared to $18,304,000 or $0.26 basic and diluted per share a year ago. Tangible book value per common share was $6.79 as on June 30, 2014 compared to $6.51 as on June 30, 2013. For the second quarter ended June 30, 2014, the company reported net charge-offs of $720,000 compared to $639,000 a year ago.

 

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Industry Analysis

BRKL

Industry Average

Valuation BRKL Industry Range
Price/Earnings 16.6x
Price/Sales 3.4x
Price/Book 1.0x
Price/Cash Flow 16.6x
TEV/Sales NM Not Meaningful
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