2024-06-21 02:52:24 ET
Summary
- Brookline Bancorp is a small bank holding company with mixed financial performance and low asset quality.
- The company operates multiple subsidiaries and provides a range of financial services in the Greater Boston area.
- Despite growth in deposits and loans, the company's income statement has shown weakness, leading to a more cautious approach to the business.
From my experience, most investment opportunities that I come across are either clearly attractive or clearly unattractive. But every so often, I find an opportunity that is on the border between the two. A good example of this that I could point to involves a bank holding company by the name of Brookline Bancorp ( BRKL ). With a market capitalization of around $795 million, this player is a pretty small one in the industry. That's good in the sense that it means that the stock is likely overlooked by many investors. However, some companies are small for a reason....
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Brookline Bancorp: Taking The Cautious Approach Amidst A Mixed Picture