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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
117% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 18
19% more capital invested
Capital invested by funds: $617M [Q2] → $734M (+$117M) [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
1.12% less ownership
Funds ownership: 83.15% [Q2] → 82.02% (-1.12%) [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
27%
upside
High target
$16
33%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Christopher O'Connell 63% 1-year accuracy 15 / 24 met price target | 21%upside $14.50 | Market Perform Downgraded | 24 Dec 2024 |
Raymond James Steve Moss 88% 1-year accuracy 14 / 16 met price target | 33%upside $16 | Strong Buy Upgraded | 20 Dec 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Brookline Bancorp, Inc. Announces Fourth Quarter 2024 Earnings Release Date and Conference Call
BOSTON, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report fourth quarter 2024 earnings at the close of business on Wednesday, January 29, 2025. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, January 30, 2025. Interested parties may listen to the call and view a copy of the Company's Earnings Presentation by joining the call via https://events.q4inc.com/attendee/129324302. To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp conference call (Access Code 138268). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 1-929-458-6194 (internationally). The passcode for this playback is 646121. The call will be available live or in a recorded version on the Company's website at www.brooklinebancorp.com.
Neutral
Business Wire
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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.
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