Brookline Bancorp's (BRKL) earnings are expected to increase next year due to loan growth. It's dividend is expected to be maintained after being raised this quarter. However, these positives appear to have already been priced-in in the market, as our valuation analysis suggests a slight price downside.
Loan Growth Prospects Strong For Now
The management is very confident about business opportunities in Rhode Island, Massachusetts, and Southern New Hampshire and expects the strong pipeline to result in decent loan origination in the remainder of this year. Consequently I'm assuming BRKL's loan portfolio to