The Company invests in securities issued by the U.S. government. As of December 31, 2023, the Company owned 66 U.S. Treasury bonds with a total fair value of $444.7 million and a net unrealized loss of $26.0 million. The acquisition of PSCB accounted for $166.1 million of the total fair value at December 31, 2023. As of December 31, 2022, the Company owned 41 U.S. Treasury bonds with a total fair value of $331.3 million and a net unrealized loss of $31.5 million. As of December 31, 2023, 53 of the 66 securi ...

Gazing at the Zacks Rank #1 (Strong Buy) list there are a few appealing stocks with Beta ratios under 1.0 which historically indicates they should be less volatile than the broader market.Given the strong rally in the S&P 500 and Nasdaq over the last year it may certainly be wise to consider stocks that should be less volatile and more likely to sustain during market corrections. Even better is when these low beta stocks have dividend yields over 5% and here are a few to consider.Organon & Co (OGN) Out of t ...

Brookline Bancorp (BRKL) has been beaten down lately with too much selling pressure. While the stock has lost 6.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillat ...

The price trend for Brookline Bancorp (BRKL) has been bearish lately and the stock has lost 9.1% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 31st:First Financial Bankshares, Inc. (FFIN) : This banking company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 2.2%, compared with the industry average of 0.8%.Intesa Sanpaolo S.p.A. (ISNPY) : This financial products and services company for First Community Bank has witnessed the Z ...

Company Participants Paul Perrault - Chairman & Chief Executive Officer Conference Call Participants Nick Cucharale - Hovde Group Laurie Hunsicker - Seaport Research Operator I would now like to turn the conference over to Brookline Bancorp's Attorney, Laura Vaughn. Please go ahead. Thank you, Emily, and good afternoon, everyone. Yesterday, we issued our earnings release and presentation, which is available on the Investor Relations page of our website, brooklinebancorp.com and has been filed with the SEC. ...

January 25, 2024 B 1 Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange C ...

For the quarter ended December 2023, Brookline Bancorp (BRKL) reported revenue of $91.58 million, up 2.8% over the same period last year. EPS came in at $0.26, compared to $0.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $89.38 million, representing a surprise of +2.46%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.23.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.04%. A quarter ago, it was expected that this bank holding company would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%.Over the last four quarter ...

Mona Macero Will Become Chief Digital Officer of Brookline Bancorp, Inc. Kelly Bressette Will Become Director of Operations BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ:BRKL) Co-President and Chief Operating Officer Michael McCurdy announced today three key changes affecting leadership positions at Brookline Bancorp, Inc. (the "Company"). After fifteen years as the Company's Chief Operations Officer, James Cosman will retire effective April 1, 2024. Cosman will remain with the Company ...