Rhumbline Advisers Cuts Stake in Brookline Bancorp, by 17908 Shares
December 13, 2023
🌥️Trending News
Rhumbline Advisers recently reduced their stake in Brookline Bancorp ($NASDAQ:BRKL), Inc., by disposing of 17908 shares. Brookline Bancorp, Inc. is a bank holding company that operates through its subsidiary Brookline Bank, which provides commercial and consumer banking services to individuals and businesses in Greater Boston. The company also has a full range of products and services, including online banking, investment services, trust services, brokerage services, insurance, and other financial products.
In addition, Brookline Bancorp offers business banking services such as business loans and lines of credit, commercial mortgages, and asset based lending solutions. Furthermore, the company provides automated teller machines (ATMs) throughout its service area.
Price History
It remains to be seen how much of an impact this cut in stake will have on the company’s future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brookline Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 81.81 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brookline Bancorp. More…
| Operations | Investing | Financing |
| 120.76 | -557.69 | 492.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brookline Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.18k | 10.02k | – |
Key Ratios Snapshot
Some of the financial key ratios for Brookline Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale recently conducted an in-depth analysis of BROOKLINE BANCORP, a financial services company. The analysis revealed that BROOKLINE BANCORP had a high health score of 7/10 with regard to its cashflows and debt, which indicates that the company is able to pay off its debt and fund future operations. The Star Chart further showed that BROOKLINE BANCORP is classified as a ‘rhino’, a type of company we have determined to have achieved moderate revenue or earnings growth. Given these results, investors interested in investing in BROOKLINE BANCORP may consider the company’s strong position in terms of assets, dividend, and medium profitability, despite its weak growth. More…
Peers
Brookline Bancorp Inc is one of the leading financial services companies in the United States, providing various banking and financial services to individuals and businesses alike. Along with Brookline Bancorp Inc, the competitive landscape in the banking sector is also comprised of Penns Woods Bancorp Inc, Eagle Financial Services Inc, and Southern Bancshares NC Inc. All four of these companies offer a variety of products and services to their customers to meet their needs.
– Penns Woods Bancorp Inc ($NASDAQ:PWOD)
Penns Woods Bancorp Inc is a financial holding company that operates through its subsidiaries, which provide commercial banking services and trust services in Pennsylvania. The company has a market cap of 189.74M as of 2022, which is the total value of all of its outstanding shares. The company’s market cap provides investors with an indication of the size of the company and its potential for growth. Penns Woods Bancorp Inc offers a range of products and services, including deposits, personal and business loans, commercial real estate loans, and wealth management services. The company also works to ensure that customers have access to competitive rates and access to a wide range of financial services.
– Eagle Financial Services Inc ($OTCPK:EFSI)
Eagle Financial Services Inc is a financial services holding company with a market cap of 127.71M as of 2022. The company provides a wide range of services, including investment banking, asset management, advisory services and insurance through its various subsidiaries. It is headquartered in Richmond, Virginia, and is traded on the Nasdaq stock exchange under the ticker symbol EFSI. Eagle Financial Services Inc has been providing financial services to clients since its inception in 1987, and it has grown to become one of the largest financial service companies in the region. Its mission is to provide the highest quality of financial services for clients, while ensuring the security and protection of their investments.
Summary
Rhumbline Advisers recently sold 17908 shares of Brookline Bancorp, Inc., a bank holding company based in Massachusetts. Analysts suggest that the sell-off may suggest a less positive outlook for Brookline’s performance. The company’s stock has seen a steady decline over the past few months and is currently trading at a discounted rate. Investors should consider looking into Brookline’s financials and determining the potential risks before investing in the company.
Additionally, Brookline has seen a significant drop in deposits compared to its peers, which may present further issues for its future performance. Although the company has recently seen some growth in its loan portfolio, analysts have noted that Brookline is still struggling compared to its peers. Ultimately, investors should carefully review Brookline’s financials before making any decision to invest.
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