Brookline BancorpBRKL
BRKL
About: Brookline Bancorp Inc operates as a multi-bank holding company. It offers commercial, business, and retail banking services, including a full complement of cash management products, online banking services, and consumer and residential loans.
Employees: 1,018
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
18% more capital invested
Capital invested by funds: $615M [Q2] → $728M (+$113M) [Q3]
10% more funds holding
Funds holding: 198 [Q2] → 218 (+20) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 76
1.5% less ownership
Funds ownership: 82.8% [Q2] → 81.29% (-1.5%) [Q3]
92% less call options, than puts
Call options by funds: $19K | Put options by funds: $235K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14.50
21%
upside
Avg. target
$15.25
28%
upside
High target
$16
34%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Steve Moss 88% 1-year accuracy 14 / 16 met price target | 34%upside $16 | Strong Buy Upgraded | 20 Dec 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 21%upside $14.50 | Outperform Upgraded | 4 Dec 2024 |
Financial journalist opinion
Based on 15 articles about BRKL published over the past 30 days
Neutral
Business Wire
3 days ago
KBRA Comments on Merger Agreement Between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On December 16, 2024, Berkshire Hills Bancorp, Inc. (NYSE: BHLB)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. (NASDAQ: BRKL)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced a definitive agreement pursuant to which BRKL will merge with and into BHLB in an all-stock transaction valued at approximately.
Positive
Zacks Investment Research
3 days ago
BHLB to Buy Brookline Bancorp for $1.14B, Expand Footprint
Berkshire Hills Bancorp is set to buy BRKL, expanding its presence in the Northeast market. The deal is likely to be accretive to 2025 and 2026 earnings.
Positive
Zacks Investment Research
3 days ago
Best Momentum Stock to Buy for December 17th
SUPV, ANF and BRKL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 17, 2024.
Positive
Zacks Investment Research
4 days ago
Best Income Stocks to Buy for December 17th
TRTX, WASH and BRKL made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 17, 2024.
Neutral
PRNewsWire
4 days ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Brookline Bancorp, Inc. - BRKL
NEW YORK , Dec. 16, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Brookline Bancorp, Inc. (NASDAQ: BRKL ), relating to the proposed merger with Berkshire Hills Bancorp, Inc. Under the terms of the agreement, Brookline Bancorp shares will be converted into the right to receive 0.42 of a share of Berkshire Hills Bancorp common stock.
Neutral
Business Wire
5 days ago
BRKL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Brookline Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Brookline Bancorp, Inc. (NASDAQ: BRKL) to Berkshire Hills Bancorp, Inc. for 0.42 shares of Berkshire common stock for each share of Brookline common stock is fair to Brookline shareholders. Halper Sadeh encourages Brookline shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com o.
Neutral
Business Wire
5 days ago
Shareholder Alert: Ademi LLP Investigates Whether Brookline Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Brookline (NASDAQ: BRKL) for possible breaches of fiduciary duty and other violations of law in its transaction with Berkshire. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, each share of Brookline common stock will be converted into 0.42 shares of Berkshire common stock, or approx.
Neutral
PRNewsWire
5 days ago
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. announce a Merger of Equals to create a Premier Northeast Banking Franchise
Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communities Highly compatible cultures, deep community ties and operating philosophies 0.42 Berkshire shares for each Brookline share; Berkshire's dividend expected to be increased to have a neutral impact on Brookline shareholders BOSTON , Dec. 16, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. In conjunction with the planned merger, Berkshire also announced that it has entered into subscription agreements with investors to raise capital to support the merger.
Positive
Reuters
6 days ago
Boston-based banks Berkshire Hills and Brookline in talks to combine, WSJ reports
Boston-based regional banks Berkshire Hills Bancorp and Brookline Bancorp are in merger talks, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Positive
Zacks Investment Research
2 weeks ago
New Strong Buy Stocks for December 6th
SCSC, BRKL, CSIQ, UNTY and SBFG have been added to the Zacks Rank #1 (Strong Buy) List on December 6, 2024.
Charts implemented using Lightweight Charts™