2024-05-26 07:50:38 ET
Summary
- I’m revising downward my earnings estimate for 2024 after both loan growth and the margin missed my expectations for the first quarter of the year.
- Interest rate cuts will have a mixed impact on the net interest margin.
- I’m optimistic that loan growth can improve because some of the labor markets where Brookline Bancorp operates are quite strong.
- The December 2024 target price suggests a high price upside of more than 20%.
- BRKL is offering a very high dividend yield of 6.2%. Further, the dividend appears secure given the earnings outlook.
...
Read the full article on Seeking Alpha
For further details see:
Brookline Bancorp: Dividend Yield Of Over 6% And Somewhat Positive Earnings Outlook