Last $9.13 USD
Change Today -0.05 / -0.54%
Volume 83.8K
BRKL On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 2:39 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

brookline bancorp inc (BRKL) Snapshot

Open
$9.13
Previous Close
$9.18
Day High
$9.18
Day Low
$9.09
52 Week High
08/5/13 - $10.10
52 Week Low
02/4/14 - $8.55
Market Cap
644.6M
Average Volume 10 Days
229.9K
EPS TTM
$0.53
Shares Outstanding
70.6M
EX-Date
05/7/14
P/E TM
17.3x
Dividend
$0.34
Dividend Yield
3.72%
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 Seeks Acquisitions

Brookline Bancorp, Inc. (NasdaqGS:BRKL) is looking for acquisition opportunities. Brookline is finding partners for mergers and acquisitions. Paul Perrault, Chief Executive Officer of Brookline said, “I don't know there's a lot of opportunities per say. We are managerially and mechanically ready to do something, but we don't feel like we need to do anything. I don't see any big shift in the tempo. I don't feel any groundswell of deal making coming up."

Brookline Bancorp, Inc. Approves Quarterly Dividend, Payable on May 23, 2014; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-Offs for the First Quarter of 2014

Brookline Bancorp, Inc.'s Board of Directors approved, for the 48th consecutive quarter, a dividend of $0.085 per share. The dividend will be paid on May 23, 2014 to shareholders of record on May 9, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest and dividend income of $54,694,000 compared to $51,612,000 a year ago. Net interest income was $47,734,000 compared to $43,669,000 a year ago. Income before provision for income taxes was $16,839,000 compared to $14,369,000 a year ago. Net income attributable to the company was $10,422,000 or $0.15 per basic and diluted share compared to $8,813,000 or $0.13 per basic and diluted share a year ago. Tangible book value per common share was $6.68 compared to $6.53 a year ago. The company's 2014 first quarter results included $2.1 million in additional accretion related to a reforecast of certain acquired loans, the sale of a building resulting in a gain of $1.6 million, offset by charges of $1.3 million related to the consolidation of an operations center, discontinuance of two branch locations and CFO recruitment. Excluding these items, net income would have been $0.13 per basic and diluted share. Net interest income for the first quarter of 2014 increased $4.0 million, largely as a result of a $0.6 million increase in interest income from investments, a $1.4 million increase in interest income from commercial real estate loans, a $2.8 million increase in accretion related to acquired loans, deposits and borrowed funds, a $1.7 million decrease in interest income due to the runoff in indirect auto loans and a $1.0 million decrease in interest expense on deposits and borrowings. The return on average assets increased during the first quarter of 2014 to 0.78% at March 31, 2014 from 0.70% for the first quarter of 2013. The return on average tangible stockholders' equity increased to 8.92% for the first quarter of 2014 from 7.70% for the quarter ended March 31, 2013. For the quarter, the company reported total net charge-offs of $666,000 compared to $419,000 a year ago.

Brookline Bancorp, Inc. to Report Q1, 2014 Results on Apr 23, 2014

Brookline Bancorp, Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 23, 2014

 

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Industry Analysis

BRKL

Industry Average

Valuation BRKL Industry Range
Price/Earnings 17.4x
Price/Sales 3.5x
Price/Book 1.0x
Price/Cash Flow 17.5x
TEV/Sales NM Not Meaningful
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