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Rabbi Tiferet Berenbaum Named Director Of Congregational Learning At Temple Beth Zion

Rabbi Tiferet Berenbaum

On Sunday, June 23, Temple Har Zion and the South Jersey Jewish community officially said farewell to Rabbi Tiferet Berenbaum, who stepped down as the spiritual leader to take the post of Director of Congregational Learning and Programming at Temple Beth Zion in Brookline, MA. Though her tenure at Har Zion was only two years, Berenbaum infused her congregation and the larger community with a joyful, celebratory approach to Jewish practice that inspired many.

A native of Brookline, Rabbi Berenbaum was raised by two Southern Baptists but found herself always drawn to Judaism. At the age of 11, she began observing the Sabbath because she thought it made sense to rest on Saturdays, and devised her own system of keeping kosher. When she was 19 and an undergraduate at Tufts University, she attended synagogue services with her then-boyfriend, a non-observant Jew, and felt moved to take on a second major of Judaic studies (her first was clinical psychology). She converted to Judaism, and a few years later, applied to the Rabbinical School at Hebrew College.

“The fact that I love Judaism so much is the reason I became a rabbi,” she said. “I encountered so many Jews who were not into Judaism, usually because they knew so little about it. I thought, ‘How is this possible? This is yours, how do you not know this?’ I decided I’m going to take one for the team, go to rabbinical school, and give people access to what’s already there—and then encourage them to make it their own.”

While in rabbinical school, Berenbaum met her husband, Joel, with whom she has a daughter, Galya Bracha, 2. Post-ordination, she served for four years at Cong. Shir Hadash in Milwaukee, WI, before coming to Temple Har Zion in 2017. “When I moved back this way, it felt so perfect to discover Har Zion. There’s a love of renewal and a traditional spirit infused through everything it does,” the rabbi said.

The congregation appreciated Rabbi Berenbaum’s love for and knowledge of Jewish culture and traditional Jewish liturgy, and they also enjoyed her inventive programming, which included a chocolate seder to celebrate Passover, a musical Havdallah service, or a “fake Treif” (kosher food that looks non-kosher, like fake crab, etc.) dinner to celebrate Purim, plays, performances, art exhibitions, and other unique opportunities to express Jewish identity and spirituality. Combining the rich tradition and history of Jewish practice with new and personal ways to connect was at the crux of her leadership.

“People are looking for a vertical connection and a horizontal connection: To connect with other people and with the Greater in a meaningful way,” she said. “The challenge is that for so long, people have not seen it being offered in synagogue. I encourage people to bring their entire selves into the Jewish practice. Just because something isn’t ‘Jewish’ doesn’t mean it’s irrelevant or not Jewishly meaningful. A prayer doesn’t have to be from a siddur. This is not a new idea—prayer was not [systematized] before the siddur—but it feels like a new idea.”

The South Jersey community has mostly embraced Rabbi Berenbaum’s obvious love and enthusiasm for Judaism, along with the fact that she is both female and African-American. “For the most part, it’s been wonderful. I haven’t experienced any discrimination,” she said. “But I say that with an asterisk—meaning, no discrimination to my face. It was made quite clear to me that there were some people that were very against my becoming the rabbi. People left both synagogues (here and in Milwaukee) looking for something else. I often think, which do people have more of a problem with, my being black or being a woman? I think it’s tied. But what can I say? That’s who I am.”

Berenbaum’s return to Massachusetts came from a desire to live near her mother, who has health challenges, and the opportunity to serve at the synagogue she attended for 10 years before she moved to Milwaukee. She said, “I remember sitting in the pews at TBZ, thinking how I would love to be a part of their leadership. Then I thought, ‘You’re too small to do that, that’s not your thing, it’s so Parshat Lech Lecha. But God is always listening.” But leaving South Jersey and the memories she’s made here is bittersweet. “The Men’s Club at THZ threw an awesome Superbowl Party. One of my best memories is the night the Patriots played the Eagles. I was the only Pats fan—but they had a balloon for me.”

As she departed for her next chapter, Rabbi Berenbaum had only the best wishes for the community. “It has been a pleasure to serve in the South Jersey community. It’s been so rich to come together, to learn together, to celebrate chagim (holidays) together. I wish the community so much hatzlacha (success) and continued meaning.”

Brookline Bancorp, Inc. (NASDAQ:BRKL) Stock Passes Above 50-Day Moving Average Of $14.86

Brookline Bancorp, Inc. (NASDAQ:BRKL)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $14.86 and traded as high as $15.10. Brookline Bancorp, Inc. shares last traded at $15.01, with a volume of 3,111 shares.

BRKL has been the subject of several analyst reports. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Piper Jaffray Companies upgraded shares of Brookline Bancorp, Inc. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $15.50 to $17.00 in a report on Thursday, May 2nd. ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, BidaskClub lowered shares of Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “hold” and an average price target of $17.38.

The company has a market capitalization of $1.20 billion, a P/E ratio of 13.77 and a beta of 0.90. The business has a 50 day moving average price of $14.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.13 and a current ratio of 1.13.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $69.63 million for the quarter, compared to the consensus estimate of $69.40 million. Brookline Bancorp had a net margin of 24.61% and a return on equity of 9.78%. On average, analysts anticipate that Brookline Bancorp, Inc. will post 1.16 earnings per share for the current fiscal year.

In other Brookline Bancorp, Inc. news, insider Mark J. Meiklejohn sold 23,335 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $15.04, for a total transaction of $350,958.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Michael W. Mccurdy sold 2,574 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $14.89, for a total transaction of $38,326.86. The disclosure for this sale can be found here. Insiders sold a total of 26,979 shares of company stock worth $405,539 in the last ninety days. 2.54% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group, Inc. increased its position in Brookline Bancorp, Inc. by 2.1% during the 4th quarter. PNC Financial Services Group, Inc. now owns 37,273 shares of the bank’s stock valued at $516,000 after purchasing an additional 762 shares during the period. Bank of America Corp DE boosted its holdings in shares of Brookline Bancorp, Inc. by 13.1% in the 4th quarter. Bank of America Corp DE now owns 615,788 shares of the bank’s stock valued at $8,510,000 after buying an additional 71,518 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Brookline Bancorp, Inc. by 466.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 123,104 shares of the bank’s stock valued at $1,701,000 after buying an additional 101,386 shares in the last quarter. Comerica Bank boosted its holdings in shares of Brookline Bancorp, Inc. by 5.9% in the 1st quarter. Comerica Bank now owns 103,693 shares of the bank’s stock valued at $1,552,000 after buying an additional 5,813 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Brookline Bancorp, Inc. in the 4th quarter valued at about $12,782,000. 76.78% of the stock is currently owned by institutional investors and hedge funds.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. is a multi-bank holding company for Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their subsidiaries. Headquartered in Boston, MA, the Company has $7.29 billion in assets and branches throughout Massachusetts and Rhode Island. As a commercially-focused financial institution, the Company, through its banks, offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services designed to meet the financial needs of small-to mid-sized businesses and retail customers. The Company also provides equipment financing through its Eastern Funding and Macrolease Corporation subsidiaries.

Brookline Bank To Stop Insuring Deposits Over $250K

FDIC

Brookline Bank has grown too big to be in a Massachusetts program that insures all deposits made by a bank’s customers, no matter how high the amount. The bank’s deposits remain FDIC-insured.

Most banks in Massachusetts insure all deposits. Most banks in the U.S. insure deposits up to $250,000 through the FDIC.

Soon, Brookline will leave the first group for the second. It is only the fourth time in the insurance fund’s 85-year history that a bank has left the program.

Massachusetts Bay Transportation Authority Continues Major Construction Projects For Trolley And Commuter Rail Infrastructure

MBTA

Massachusetts Bay Transportation Authority’s (MBTA) five-year, $8 billion capital improvement program is well underway with track and signal work starting on the Green Line D branch and with the installation of Positive Train Control infrastructure happening along the Needham Commuter Rail Line.

The work on the Green Line D branch comes from the Track and Signal Replacement project, which will replace about 6.5 miles of signal infrastructure and 25,000 feet of track, including special work between Beaconsfield and Riverside stations and upgrading infrastructure to modern signal systems. In addition, work on the Brookline’s High School Expansion Project, adjacent to the D branch Brookline Hills station, has started, along with the flood control work as part of the Fenway Portal Project.

“Executing on this necessary work is key to our larger strategy of rebuilding the core track and signal infrastructure along the Green Line,” said MBTA General Manager Steve Poftak. “While we acknowledge shuttle buses can cause an inconvenience to our customers, expanding the window of construction allows us to make more progress while reducing the overall construction schedule.”

MBTA’s Needham Commuter Rail line is also undergoing construction. The Positive Train Control project is implementing a federally-mandated, safety control system that automatically knows when to reduce train speeds. This is a high-priority capital program that is being installed throughout the entire commuter rail network.

“Positive Train Control is a key investment that will result in a significant safety upgrade for our customers across the entire Commuter Rail network,” Poftak said. “While we continue our efforts to improve service by investing in vehicles, power systems, signals, and track, we are also integrating this new, state-of-the-art technology that brings Commuter Rail safety into the 21st century.”

These projects will affect regular, scheduled service. The Green Line D branch work started July 8 and will continue through December 2019, affecting the trolley service 8 pm until 5 am, Monday through Friday. The Needham Line work will start August 3 and will continue until October 12, suspending all services Saturday. For alternate route information, visit the MBTA’s website here.

Fallen Tree Branch Smashes Car In Brookline

A fallen tree branch smashed a car in Brookline early Friday morning.

The large branch left behind significant damage to the car’s windshield and hood on the Jamaicaway.

A tow truck moved the vehicle from the scene.

There were no reported injuries.

Alex Edelman Is Staying Focused On Growing As A Comedian

Alex Edelman

Life has taken Alex Edelman all over the place — London, Los Angeles, New York City — but nowhere will ever be “home” quite like Boston. And that will be evident when he makes his way back for a stint in the Seaport this weekend.

Setting up shop at Laugh Boston for two shows on Saturday night, July 13, 2019, the Brookline native is excited to perform for a hometown crowd again, of course, but not just because it is good to see family and friends again. He has a genuine appreciation for the support he has received from the hometown crowd over the course of his stand-up career, the familiarity of the faces just makes for an all-around great experience for Edelman.

“Boston comedy fans are so dedicated, that I can look out into my crowd now, and see faces that I saw when I was 17 years old doing open mics,” Edelman tells the media. “It’s just cool to have that type of experience, and the whole thing is special and cool, and familiar. The funny thing is that there are people in that crowd that have seen every bit of material I’ve ever done up to now. It’s just so special because of that.”

Bringing a mix of both new and what he feels is his best time-tested material to the Laugh Boston crowd, Edelman feels that, even beyond the acclaim his newest hour has received, it is his best work yet — but the way he sees it, that is the way it should be.

“I’ll always have love for my first hour, because that’s the one that gave me a comedy life,” says Edelman. “But this new hour is definitely my best, and it should really go that way naturally, because you learn more, and doing an hour isn’t just bits for me. The skills you bring to the next hour, like story structure and narrative structure, show that there is an inherent formula that you get better at with each hour. I don’t find comfort in old material the way I used to.”

While Edelman acknowledges that he’s only been hitting the stand-up grind full steam ahead for the last 10 years, his love and appreciation for the Boston comedy scene runs well beyond that. Whether it was attending shows put on by the Walsh Brothers, Tony V, or Lenny Clarke, or attending Comics Come Home for his first comedy show as he saw Patrice O’Neal destroy a crowd, Edelman immersed himself in the legends of Boston comedy from an early age, and judging by the international appeal of his own comedy, taking notes on the local greats has certainly paid off.

After looking up to local faves like Joe List and Gary Gulman, Edelman tours with Gulman on a fairly regular basis now. Ryan Cott, who manages the stage Edelman will be occupying this weekend at Laugh Boston, was the first person to give him stage time when he was 18 and still trying to find his groove. At every turn, Boston comics were there to help Edelman get to where he is now.

“I had my first beers with comedians, and I feel like I grew up in comedy,” says Edelman. “I still feel like I’m growing up in comedy. It’s a big part of my emotional maturity. Even at various jobs, it’s about growing up, and maturing into a better comic and a better person.”

Alex Edelman is performing as follows:

Laugh Boston
425 Summer Street
Boston, MA 02210

on Saturday, July 13 at 07:30 p.m. and 09:45 p.m.

The ticket cost is $25. To purchase, please visit here.

Brookline Bank Hires Joan Matera As Vice President In The Bank’s Commercial Real Estate Banking Division

Joan Matera

Joan Matera has joined Brookline Bank as vice president in the bank’s commercial real estate banking division. Matera brings more than 20 years of commercial real estate banking and investment experience to Brookline Bank. She previously held positions building and managing commercial real estate portfolios at major New York City financial services firms. Matera will be based at Brookline Bank’s Boston headquarters.

“Joan is a real leader and a great addition to our commercial real estate banking team,” said Bob Brown, division head of the commercial real estate banking group.

“She brings a successful track record of business development and CRE banking, regionally and nationally having worked with Tier 1 Institutional and Private Equity clients. Joan is a true professional who builds long term, valuable relationships and we are very pleased to have her on our team.”

In previous positions, Matera managed multi-billion dollar commercial debt portfolios for Fortune 50 companies. She has held leadership roles involving originations, underwriting, relationship management and ongoing management of debt and equity investments.

How We Listen To And Experience Sound Have Changed

Musician Damon Krukowsi believes that the transition from analog audio to digital has fundamentally changed the ways we listen and perceive sound.

His new book, “Ways Of Hearing,” dives into how exactly technology has changed our sense of time and space, and how we experience sound.

Damon Krukowski will be at the Brookline Booksmith at 07:00 p.m. on July 11, 2019.

About Damon Krukowski

Damon Krukowski is a Cambridge-based musician known for Galaxie 500. His new book, which is based on his podcast, is called “Ways Of Hearing.”

Brookline Transportation, Inc. Expands Trade Show & Exhibits Division

Brookline Transportation, Inc. (BTI), a Mayflower Van Lines agent specializing in commercial, lab, medical, science and residential moves, recently added additional services to its trade show and exhibits division. The new services will add staff and resources – including international coverage – to BTI’s complement of trade show services. 

“Companies have a significant investment in exhibiting at a trade show. The technology used at a trade show display alone requires a specialist to transport and set up,” said George Rohlfing, owner of the family-owned and operated Brookline Transportation, Inc (BTI). “With our domestic and international network of moving, our affiliation with Mayflower and Unigroup Worldwide, shipping and logistical resources, we can accommodate major U.S. and international trade shows.”

BTI’s trade show and exhibit services include: staff on show floor and marshalling yard during move-in and move-out periods at all major trade show locations; direct pick-up and delivery for tradeshows anywhere in the world via ocean, air, or ground; and international document preparation (shipper’s Letter of Instruction, shipping labels, U.S. Customs Power of Attorney, and Certificate of Origin).

In addition to these specialized services for trade shows and exhibits, BTI provides customized crates and specialized packing solutions for delicate and fragile equipment. Through its worldwide network, BTI can also offer storage solutions for before and after trade shows.

“Trade shows have come a long, long way since the days of the folding chairs, tables and a stack of brochures,” said Rohlfing. “With our new, expanded division, we enable to devote more of their attention to the show rather than how everything is going to get there and back.”

In addition to trade show and exhibits services, BTI offers a wide range of relocations services for its residential and commercial customers. For complete information on BTI’s relocation services, please visit  here or call 800-766-7724

About Brookline Transportation, Inc. (BTI)

Since its founding in 1943, BTI has coordinated and executed thousands of commercial and residential moves throughout the greater Boston area to Cape Cod. A Mayflower franchise, BTI has the capability to conduct international and cross country relocations. 

BTI’s services include: Professional Packing; Special Crating; Storage, Loading & Unloading Services, Workplace services, and Automobile Moves.

For more information on BTI’s services, please visit here or call 781-561-1033, 800-766-7724.

Aaron Ogungbadero, 39, Arrested After Boston Traffic Stop Yields An Array Of Marijuana Products

A Brookline man is facing drug charges after police say a traffic stop in Boston on Monday resulted in the seizure of a large amount of marijuana and THC products.

Troopers patrolling Storrow Drive arrested Aaron Ogungbadero, 39, after determining that he was driving with a suspended driver’s license, according to state police.

A subsequent search of his car allegedly uncovered a large amount of marijuana as well as edible THC products and THC oil products.

Ogungbadero was arraigned Tuesday in Charlestown District Court on charges of operating a vehicle with a suspended license and possession of a Class D substance with intent to distribute.

Firefighters Battling Brookline House Blaze

Firefighters are battling a house fire in Brookline.

Thick, white smoke could be seen billowing from the structure on Russett Road on Monday morning.

No additional information was immediately available.

Happy 4th Of July

Summertime Exhibit Features 19 Youth Photographers

Lounging Napkins, Sofie Wise
Lounging Napkins, Sofie Wise

Summertime, the next art exhibit at the Jamaica Plain Branch Library, not only has a timely name, but it also features the work of 19 youth photographers.

Ranging in age from 11 to 15 years old, the students are training at the Big Picture Art House, which trains middle schoolers while traveling around Boston. Classes are structured around themes like Storytelling or Street Photography, while others focus on making movies or documentaries.

The works on view in Summertime include a mix of subjects and styles – color, black and white, still life, portrait – while capturing locations like Old Orchard Beach, the Franklin Park Zoo, the Lynch Family Skate Park in Cambridge, and Narragansett, RI.

The students in the show are from Brookline, Jamaica Plain, Roslindale, Newton, and other Boston-area towns.

The exhibiting artists are: Emily Ball (15), Newton; Mini Burell (14), Dorchester; Kayleigh Clancy (14), Dorchester; Claudia Cortell (15), Boston; Jesse Eliot (14), Jamaica Plain; Mia Finnan (12), Brookline; Karianna Franklin (12), Chelsea; Vera Judkins (13), Matunuck, RI; Jamie Leslie (12), Brookline; Mary Matero (13), West Roxbury; Jaire May (12), Roslindale; Celia Meranus (14), Brookline; Gabriel Nigrovic (12), Brookline; Anna Parisi (14), Nahant; Argi Protopapadakis (11), Brookline; Isobel Salemo (13), Roslindale; Annabella Valle (15), Braintree; Tandin Ward (14), Jamaica Plain; and Sofie Wise (15), Braintree.

Summertime: A Youth Photo Exhibition is on view from July 5 through August 31, 2019, with a public reception on Thursday, July 11, 5:30 to 7:30 pm. The library is open Monday-Wednesday 10-6, Thursday 12-8, and Friday-Saturday 9-5 (closed Sundays). The exhibition space is located on the lower level.


Blue Cross Blue Shield Of Massachusetts Sponsors Free Rides On Bluebikes For 4th Of July

To celebrate Independence Day and to support a healthy and convenient mode of holiday transportation, Blue Cross Blue Shield of Massachusetts (“Blue Cross”) is sponsoring free rides on Bluebikes, Metro Boston’s public bike share system, throughout the day on Thursday, July 4. Riders can take Bluebikes for a spin free of charge from any of the more than 270 Bluebikes stations across the system’s five municipalities: Boston, Brookline, Cambridge, Everett, and Somerville. Blue Cross is the title sponsor of Bluebikes, which is owned by the municipalities.

Blue Cross is providing Bluebikes users access to free two-hour trips on the 4th of July when using the code “BlueCross4” in the Bluebikes app or here. Blue Cross is also sponsoring two bike valets, at Copley Square station in Boston and Kendall St. station in Cambridge, from 05:00 – 09:00 p.m., to guarantee riders will have a place to dock bikes and that bikes will be available to ride as they enjoy 4th of July festivities around Metro Boston.

“We are thrilled to help bike riders enjoy 4th of July festivities by sponsoring free Bluebikes rides on what is always a special day around Metro Boston,” said Kathy Klingler, chief marketing officer of Blue Cross Blue Shield of Massachusetts. “We hope that complimentary rides on the 4th will allow more individuals to experience the health and environmental benefits of riding a bike, and we can’t think of a better way to celebrate this holiday than biking around beautiful, historic Boston.”

Blue Cross is in the second year of a six-year Bluebikes title sponsorship, which launched on May 16, 2018. Through its partnership with the municipal owners of Bluebikes, Blue Cross is supporting continued growth and expansion, including system upgrades, additional bikes, new mobile app features and station expansions to create increased access. By the end of 2019, the five municipalities will own more than 3,500 bikes and 350 stations across the Bluebikes system, which is operated by Lyft.

About Bluebikes

Bluebikes is public transportation by bike. Owned and jointly governed by the municipalities of Boston, Brookline, Cambridge, Everett, and Somerville Bluebikes offers a fast, fun, and affordable transportation option. Users can ride any of the 2,500+ bikes to and from the 270+ stations across the region. By the end of 2019, the municipalities will provide more than 3,500 bikes and over 350 stations for their residents, workers, and visitors. Since launching in 2011, more than 9 million trips have been taken on Bluebikes, including more than 870,000 trips so far in 2019.

About Blue Cross Blue Shield of Massachusetts 

Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We are committed to the relentless pursuit of quality, affordable health care with an unparalleled consumer experience. Consistent with our promise to always put our members first, we are rated among the nation’s best health plans for member satisfaction and quality. Connect with us on  FacebookTwitterYouTube, and LinkedIn.

Sidonie Brown Is One Of The Recipients Of The 2019 OMEGA Scholarship Awards

Sidonie Brown
Sidonie Brown

On June 06, 2019, the MIT AgeLab, in partnership with AARP, presented the fourth annual OMEGA scholarship awards to three accomplished young adults from New England. Sidonie Brown from Brookline High School in Brookline, MA, Brook Masse from Mount Greylock Regional High School in Williamstown, MA, and Jay Park from Newton South High School in Newton, MA, were each awarded a 2019 OMEGA scholarship. OMEGA scholarships recognize young people who are leading efforts in their schools to foster intergenerational connections within their communities.

The three winners are developers and leaders of programs that support older adults’ needs, utilize their experience and wisdom, and furnish social connections across generations. Brown has led an ongoing Brookline High School program called Brookline SHOP (Students Helping Older People), which recruits students to assist independent-living older adults with grocery shopping, technology use, and other instrumental activities. Masse started a student initiative with a local retirement community in which students converse, play games, garden, and create art with the residents. Park supported a program called Spanish Immersion Jamaica Plain and Brookline, which engages Spanish-speaking older adults as conversation partners with high school students to improve students’ mastery of the Spanish language.

The OMEGA awards were presented at the MIT AgeLab before the recipients’ families, members of the MIT AgeLab’s Lifestyle Leaders Panel, Michael Festa, the director of AARP Massachusetts, AgeLab researchers, and leaders of community organizations serving older adults that collaborated in the recipients’ projects. The OMEGA scholarships will provide $1,000 toward each recipient’s college tuition and an additional $1,000 to each recipient’s school or community partner to continue their outstanding intergenerational efforts.

OMEGA, which stands for Opportunities for Multigenerational Engagement, Growth, and Action, was developed to support the development and growth of student-led programs and clubs that connect high school students with older adults. The MIT AgeLab is a multidisciplinary research organization that works with business, government, and non-governmental organizations to improve the quality of life of older adults and those who care for them.

Elementary School Teacher Accused Of Sexual Misconduct By former Cincinnati Country Day Students

Peter Blanchard
Peter Blanchard (upper left, in glasses) poses for a yearbook photo with a class of Cincinnati Country Day School fifth graders in 1979. Two former students contacted the school in 2018 with allegations Blanchard had sexual abused them during his time there.

According to WСРО Cincinnati, two former teachers at Cincinnati Country Day School — one now dead, one living outside of Ohio — have been accused of sexual misconduct, the school announced in a Friday letter to parents and alumni.

The letter named only one of the pair: Peter Blanchard, who worked at Country Day’s Lower School from 1966-81 and whom two former students accused of “engaging in physical contact of a sexual nature.”

Those students first reported the allegations in 2018, according to Country Day. An external investigative firm determined they were credible enough to publicly name Blanchard as the alleged abuser and contact other schools at which he once worked.

Archived yearbooks from Blanchard’s time at the school list him as a teacher of fourth and fifth grade as well as boys’ sports. He left in 1981 for another elementary teaching position at the Dexter School in Brookline, MA, according to a short blurb about his retirement.

Country Day’s letter noted that as of 2019, he no longer lives in Ohio and does not work with children.

The other teacher, who was not named because the claims against them did not satisfy the school’s criteria to do so, worked at Country Day from 1967-87.

“On behalf of the Board of Trustees and the faculty and staff of Cincinnati Country Day School, we extend our profound apologies to the alumni affected by the actions uncovered in the course of our investigation,” board president Joel Brant and school head Anthony Jaccaci wrote in Friday’s letter. “… (s)uch conduct is intolerable, and children should never have to endure such unconscionable acts.”

American Street Capital Places $30.4 Million Loan For A 111-unit Multifamily Property In Brookline

American Street Capital (ASC) has arranged a $30.4 million loan for a 111-unit multifamily high rise in Brookline, MA.

Built in 1965, the 15-story multifamily tower contains a unit mix of one and two-bedroom apartments averaging 1,014 s/f.

Located west of Boston, in the affluent area, the property’s amenities include a 92 space subterranean parking garage, rooftop pool with pavilion, laundry facilities and a tenant lounge.

ASC exclusively represented the sponsor to secure the fixed rate refinance transitioning the asset out of the floating rate loan ASC originated in 2016. The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule. The loan was placed with a correspondent agency lender.

The loan was co-originated by Igor Zhizhin, president of ASC and Alexander Rek, director of operations.

Dorado Tacos Is Closing To Be Replaced By The Soup Shack

A popular spot for tacos is shutting down, and a soup place will be opening a second location in its space.

Dorado Tacos in Brookline is closing, as the owner has sold the Harvard Street business to the people behind The Soup Shack in Jamaica Plain, with the deal possibly being finalized within the next week. The article says that a Select Board hearing was slated to take place today concerning the transferring of the liquor license, so if the transfer was indeed approved, Dorado could be closing very soon.

Dorado Tacos first opened in Brookline in 2009, offering tacos as well as quesadillas, cemitas (Mexican sandwiches), guacamole, bowls, and more. The Soup Shack opened approximately a year ago on Centre Street in Jamaica Plain, with that dining spot offering such items as Thai noodle soup, ramen, and pho.

The address for the soon-to-close Dorado Tacos (and the upcoming Soup Shack) is 401 Harvard Street, Brookline, MA, 02446.

Janet Ralph Has Passed

Janet F. Ralph, of Brookline, MA, formerly of Cranston, passed away on June 05, 2019. She was the loving wife of Samuel “Sam” Scott Jr., Lt. Brookline Fire Dept. (ret).

She was predeceased by her parents, Earle K. Ralph Jr. and Mamie Droitcour Ralph. Janet a registered nurse and worked at a variety of state facilities. She ultimately spent most of her career at the Brookline Center, where she was able to express her passion for improving community mental health. Admired and respected by her co-workers and beloved by her patients, she will be truly missed.

Janet is survived by several nieces and nephews as well as her best friend, Barbara A. Colleran of Portland, Oregon and her godson, Robert J. Colleran of Seattle Washington. She was also predeceased by her brother, Dr. Earle K. Ralph, and sister, Anne Ralph.

A memorial service will be held on Friday, June 21 in St. Paul’s Episcopal Church, 15 St. Paul St., Brookline, MA at 11:00 a.m. Relatives and friends are kindly invited.

Contributions in memory of Janet may be made to the St. Paul’s Episcopal Church Capital Appeal, 15 St. Paul Street, Brookline MA, 02446.

Memorial Day 2019

Greek Government Officials Not Welcome At Boston’s Parade

The organizers of the Greek Parade in Boston, in an official announcement, have declared that Greek government officials are not welcome at this year’s parade in commemoration of the liberation of Greece from four hundred years of Turkish occupation. The parade will take place on Sunday, April 07 at 01:00 p.m.

The Federation of Hellenic-American Societies of New England under the presidency of Vasilios Bill Kafkas recently held its second general meeting at the Maliotis Cultural Center in Brookline. The Federation is in charge of the parade’s organization in cooperation with the Greek Orthodox Metropolis of Boston and the Consulate General of Greece in Boston.

The Metropolis of Boston was once again absent. Metropolitan Methodios never participates in the meetings for the organization of the parade. Sometimes he sends a priest to represent him, but this time no clergy was present to even offer the prayer despite the fact that Methodios had been informed and invited. The Federation has also sent packages with parade materials to all the parishes. The prayer was offered by all those present at the meeting.

Anna Kosmidou, an official of the Consulate General of Greece in Boston represented Consul General of Greece Stratos Efthimiou, who was in Greece.

Federation President Vasilios Kafkas welcomed the delegates and announced the efforts that are under way for the success of this year’s parade.

He again announced that this year there will be a change in the usual program regarding the celebration at the Massachusetts State House. In the past it was held the Friday before the parade, but this year due to the fact that no rooms are available on April 05, the celebration will take place on Friday, March 29 at 12 noon. He also announced that the annual reception at the Consulate General of Greece will take place on Friday April 05 at 06:00 p.m.

The annual Gala Dinner of the parade will take place on Saturday, April 6 at the community center of the Greek Orthodox Cathedral of Boston located at 165 Goddard Avenue in Brookline, MA. The ticket cost per person has been set at $100 dollars.

The memory of Kostas Katsifas, who was killed on October 28 by Albanian police in Northern Epirus will be honored and the Freedom Award will be given to the Paideia organization established by Elias Tomazos in Connecticut, which established and built the facilities of the Center for Hellenic Studies “Paideia” at the University of Connecticut.

Five scholarships will be given to Greek-American students at the Gala Dinner to Greek-American college students. The National Herald will also sponsor a $1,000 scholarship for a student who will be chosen by the Federation according to its rules.
The company that makes the floats will create four of five for the Federation this year, and each association may order its own if it wishes to have a float.

After the parade the Cultural event with traditional Greek dances will follow in the Boston Common Park. Six dance groups will participate.

It was also announced that the Greek School pupils will write an essay on the centennial anniversary of the Pontian genocide by the Turks. The best essay will be read at the State House during the celebration on March 29.

Representatives of the Federation will be visiting various states and cities of New England to inform the local Greek-American communities about the parade and the related activities and to distribute parade material.

The next general meeting for the parade will take place on Wednesday March 27 at 07:30 p.m. at the Maliotis Cultural Center in Brookline.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Approves Stock Buyback Program

Brookline Bancorp, Inc. (NASDAQ:BRKL) declared that its Board of Directors has initiated a share buyback plan, which allows the company to repurchase $10.00 million in outstanding shares on Thursday, December 6th. This repurchase authorization allows the bank to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Several equities research analysts recently issued reports on BRKL shares. Zacks Investment Research raised Brookline Bancorp, Inc. from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. BidaskClub raised Brookline Bancorp, Inc. from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Finally, Sandler O’Neill raised Brookline Bancorp, Inc. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.00.

BRKL traded down $0.21 during trading on Tuesday, reaching $12.86. 383,429 shares of the company were exchanged, compared to its average volume of 411,312. The company has a market cap of $1.05 billion, a P/E ratio of 16.08 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.17 and a quick ratio of 1.17. Brookline Bancorp, Inc. has a 52 week low of $12.86 and a 52 week high of $19.35.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $69.40 million during the quarter, compared to the consensus estimate of $68.80 million. Brookline Bancorp, Inc. had a return on equity of 9.13% and a net margin of 21.27%. As a group, research analysts anticipate that Brookline Bancorp will post 1.05 earnings per share for the current year.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

 

Brookline Bancorp, Inc. (BRKL) Reaches New 12-Month Low At $12.91

Brookline Bancorp, Inc. (NASDAQ:BRKL) shares hit a new 52-week low on Monday. The stock traded as low as $12.91 and last traded at $12.92, with a volume of 22231 shares changing hands. The stock had previously closed at $13.07.

Several research analysts recently weighed in on BRKL shares. BidaskClub cut Brookline Bancorp, Inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Sandler O’Neill upgraded Brookline Bancorp, Inc. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, December 20th. Finally, Zacks Investment Research upgraded Brookline Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.00.

The stock has a market cap of $1.05 billion, a P/E ratio of 16.08 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.17 and a quick ratio of 1.17.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $69.40 million during the quarter, compared to analysts’ expectations of $68.80 million. Brookline Bancorp, Inc. had a return on equity of 9.13% and a net margin of 21.27%. Analysts forecast that Brookline Bancorp, Inc. will post 1.05 EPS for the current fiscal year.

Brookline Bancorp, Inc. announced that its board has approved a share buyback plan on Thursday, December 6th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the bank to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of the company. BlackRock, Inc. increased its position in shares of Brookline Bancorp, Inc. by 4.9% in the third quarter. BlackRock, Inc. now owns 11,699,175 shares of the bank’s stock valued at $195,375,000 after buying an additional 549,170 shares in the last quarter. Vanguard Group, Inc. increased its position in shares of Brookline Bancorp, Inc. by 3.4% in the third quarter. Vanguard Group, Inc. now owns 7,952,147 shares of the bank’s stock valued at $132,801,000 after buying an additional 260,206 shares in the last quarter. Vanguard Group, Inc. increased its position in shares of Brookline Bancorp, Inc. by 3.4% in the third quarter. Vanguard Group, Inc. now owns 7,952,147 shares of the bank’s stock valued at $132,801,000 after buying an additional 260,206 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brookline Bancorp by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 6,392,718 shares of the bank’s stock valued at $106,759,000 after buying an additional 37,144 shares in the last quarter. Finally, Renaissance Technologies, LLC increased its position in shares of Brookline Bancorp, Inc. by 7.6% in the third quarter. Renaissance Technologies, LLC now owns 1,653,300 shares of the bank’s stock valued at $27,610,000 after buying an additional 116,300 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

 

Merry Christmas

“Glory to God in the highest heaven, and on earth peace to those on whom his favor rests.”

Luke 2:14

 

Brookline Bancorp, Inc. (BRKL) Under The Watchful Eye Of Investors

The Money Flow Index of Brookline Bancorp, Inc. (BRKL) this week has place the shares on the radar as it nears the key 20 or 30 level.  At the time of writing the MFI is dropping below 30 and trending lower for the name. The Money Flow Index creates a ratio of Positive Money Flow and Negative Money Flow over time and scales it to a number between 0 and 100. The MFI value can be used to evaluate overbought and oversold conditions in a security the index moves above or below a certain reference level. Divergence between MFI and the price direction can also be indicative of a reversal. If price is trending higher and MFI is decreasing over that period, a market top may occur.

Tackling the stock market may involve many different aspects. Investors may at times feel like they are on a wild ride. Sometimes there are extreme highs, and sometimes there are extreme lows. Figuring out how to best deal with fluctuations can help the investor’s mindset. Investors who are able to keep their emotions in check might be one step ahead of the rest. Being able to identify emotional weaknesses can help the investor avoid tricky situations when things get hairy. Keeping the stock portfolio on the profitable side may involve making decisions that require emotional detachment. When emotions are running high, it may impair the rational decision making capability of the investor.

Turning now to some additional numbers, the Relative Strength Index (RSI) is another highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns. Brookline Bancorp, Inc. (BRKL) has a 14-day RSI of 23.90, the 7-day is at 15.10, and the 3-day is resting at 8.65.

Brookline Bancorp, Inc. (BRKL) currently has a 14-day Commodity Channel Index (CCI) of -144.54. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

 

Boston Plastic Surgeon, Dr. Sean Doherty, Named One Of America’s Top Doctors

Sean Doherty, MD
Sean Doherty, MD

The Boston Center for Facial Rejuvenation is proud to announce that its own, Sean Doherty, MD, has been named one of America’s Top Doctors for 2018. This annual list, put out by healthcare advocate Castle Connolly, spotlights the nation’s top physicians. This marks the second time Dr. Doherty has made it to the top tier of Castle Connolly’s rankings.

Established in 1991, the Castle Connolly list of America’s Top Doctors was created as a way to connect patients with the best healthcare professionals in their area. Nominated by their peers, Castle Connolly awards are open to all board-certified MDs and DOs in the United States. Every year, thousands of doctors receive an online nomination, however, less than 5% will take home the award.

To qualify for the Castle Connolly Top Doctor award, nominees are carefully scrutinized by a research team of notable physicians. Winners are chosen based on their unique qualifications, training, hospital appointments, disciplinary histories and performance ratings. Only those with a demonstrated commitment to exceptional patient care can take home the coveted Castle Connelly title of America’s Top Doctor for their region.

Dr. Doherty is an award-winning plastic surgeon, named a RealSelf Top Doctor and one of Boston Magazine’s Top Doctors for 2017. The Castle Connolly title of America’s Top Doctor is of particular significance, as the honor is bestowed by Dr. Doherty’s fellow physicians. With a background in classical art, along with extensive reconstructive and cosmetic surgery training, Dr. Doherty brings his patients an innate eye for physical proportions and aesthetic enhancement. He explains, “Most patients come for subtle, refined improvement on what they have. That is what I hope for them as well. No one wants to walk out of here looking overdone, it is not the philosophy and not in the interest of most patients,”. Dr. Doherty then continues, “This office is very open to talking to patients about what they want. (We are also) open to telling patients what they shouldn’t have,”.

About Dr. Doherty

Board-certified by the American Board of Plastic Surgery, Dr. Doherty has more than 10 years of cosmetic and plastic surgery experience. Over his distinguished career, Dr. Doherty has developed his own surgical techniques for procedures such as breast augmentation, liposuction and the Mommy Makeover. In addition to surgical and noninvasive techniques for women, Dr. Doherty also offers a variety of treatments specifically designed for the male patient. Dr. Doherty is a part of the Boston Center for Facial Rejuvenation, along with Leonard Miller, MD, FACS, FRCS. He currently serves as Medical Director and Principal Investigator for Cynosure.

For more information on any of Dr. Doherty’s surgical or noninvasive procedures, contact the Boston Center for Facial Rejuvenation at 617-735-8735, or fill out the online Contact Us form. Consultations with Dr. Doherty are available both in Boston and Brookline.

For additional information on Castle Connolly’s nomination process, and the full list of America’s Top Doctors for 2018, please visit here.

Brookline office address:

1 Brookline Place
Suite 427
Brookline, MA, 02445

 

Brookline Police Arrest Alleged Package Thief

Brookline police arrested a man who was allegedly stealing packages from homes on Beacon Street.

The suspect, Kelvin B. Garcia, 34, of Jamaica Plain, is accused of stealing packages from residences in the 1300 block of Beacon Street, according to police.

On Tuesday morning Brookline police tweeted that the arrest was made overnight and he is due to be arraigned Tuesday in Brookline District Court.

 

Newbury College, Brookline, And 30 Years Of Wealth Concentration

I grew up in Brookline, MA about a mile away from Newbury College. The news that Newbury is making plans to shut down hits close to home.

The conventional wisdom as to why schools like Newbury College are no longer economically viable revolve around factors such as unfavorable demographics and cost disease. Too few traditional-age students combined with fixed costs for people and operations that are too high.

The twin challenges of demographics and cost disease have forced schools to up their discount rates to attract paying students to unsupportable levels. At the same time, colleges and universities have been forced into an expensive amenities arms race, building fancy student centers and recreational facilities, in order to hope to attract a diminishing number of paying students.

This story to explain the closing of schools like Newbury College is mostly right. Throw in competition from new online education entrants in the adult learning market, season with a dash of skyrocketing employee healthcare costs and rising building maintenance expenses, and you have the recipe for institutional fragility.

The case of Newbury College also points some bigger – and perhaps more worrying – trends.

While I grew up in Brookline, I would have a hard time affording to live in Brookline today. My Mom purchased the two-family house that I grew up in in the 1970s for under $100,000. Last time I looked on Zillow, my childhood home was valued at around $2 million.

The Brookline that I grew up in during the 1970s and early 1980s was economically diverse. My friends’ parents worked as social workers, academics, and school teachers. A large number of my childhood friends were the kids of immigrants, and their parents ran small businesses such as restaurants.

Brookline today reflects a broader trend toward wealth concentration and economic sorting. The median property value in Brookline is over $750,000. What was once a town of school teachers and social workers is now populated by medical sub-specialists, data scientists, financial professionals, and lawyers.

Schools like Newbury College were not built to serve the wealthy. Less than one-in-five Newbury students come from families earning more than $110,000 per year. The median family income of Newbury College students is less than $60K a year. According to the Newbury website, over 90 percent of the student body receives some form of financial aid.

We seem to be on a headlong rush to a future where only institutions and organizations that are designed to serve the needs of the privileged few will be economically resilient.

Newbury College seems to be out-of-step with the gentrification of Brookline, MA. Private schools that do not serve the wealthy few can no longer survive by serving the middle and lower income many.

What will become of Newbury College once it closes? One clue might come from the Brookline candy store Irving’s, a place that I spent way too much time in growing up. Today, Irving’s is now The Irving, having been newly converted into luxury condos selling for over $2 million.

The market in Brookline cannot seem to support private liberal arts schools dedicated to providing economic opportunity to a wide range of students. The market will support, I suspect, a conversion of Newbury’s academic and student buildings into luxury residences for Brookline’s wealthy residents.

The story of Newbury College is not only a higher ed story.

Newbury’s impending demise is part of a larger story of diminished opportunities and elevated risk for all those not in the top income quintile.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Board Of Directors Approves Stock Repurchase Plan

Brookline Bancorp, Inc. (NASDAQ:BRKL) announced that its board has initiated a share repurchase program, which authorizes the company to buyback $10.00 million in shares on Thursday, December 6th. This buyback authorization authorizes the bank to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

BRKL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Brookline Bancorp, Inc. from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. BidaskClub upgraded shares of Brookline Bancorp, Inc. from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.67.

Shares of NASDAQ:BRKL opened at $13.97 on Tuesday. The company has a market cap of $1.14 billion, a P/E ratio of 14.00 and a beta of 0.89. Brookline Bancorp, Inc. has a 12 month low of $13.88 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.17 and a quick ratio of 1.17.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $69.40 million during the quarter, compared to analysts’ expectations of $68.80 million. Brookline Bancorp, Inc. had a net margin of 21.27% and a return on equity of 9.13%. As a group, equities research analysts anticipate that Brookline Bancorp, Inc. will post 1.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.42 annualized dividend and a yield of 3.01%. This is a boost from Brookline Bancorp’s previous quarterly dividend of $0.10. Brookline Bancorp, Inc.’s payout ratio is currently 52.50%.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

 

Eagle Asset Management, Inc. Increases Holdings In Brookline Bancorp, Inc. (BRKL)

Eagle Asset Management, Inc. lifted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 458,393 shares of the bank’s stock after purchasing an additional 13,449 shares during the period. Eagle Asset Management, Inc. owned about 0.57% of Brookline Bancorp, Inc. worth $7,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in Brookline Bancorp, Inc. by 5.2% in the 2nd quarter. Rhumbline Advisers now owns 193,971 shares of the bank’s stock valued at $3,608,000 after acquiring an additional 9,626 shares during the last quarter. First Republic Investment Management, Inc. acquired a new position in Brookline Bancorp, Inc. in the 2nd quarter valued at $431,000. Victory Capital Management, Inc. raised its holdings in Brookline Bancorp, Inc. by 49.4% in the 3rd quarter. Victory Capital Management, Inc. now owns 41,300 shares of the bank’s stock valued at $690,000 after acquiring an additional 13,662 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Brookline Bancorp, Inc. by 17.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,051,264 shares of the bank’s stock valued at $17,556,000 after acquiring an additional 157,280 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Brookline Bancorp, Inc. by 3.5% in the 3rd quarter. First Trust Advisors LP now owns 142,323 shares of the bank’s stock valued at $2,377,000 after acquiring an additional 4,781 shares during the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.

NASDAQ:BRKL traded down $0.10 during trading hours on Friday, hitting $14.14. The company had a trading volume of 242,052 shares, compared to its average volume of 310,556. Brookline Bancorp, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $19.35. The company has a market cap of $1.14 billion, a P/E ratio of 17.68 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20.

Brookline Bancorp, Inc. (NASDAQ:BRKL) last announced its quarterly earnings results on Wednesday, October 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Brookline Bancorp, Inc. had a return on equity of 9.13% and a net margin of 21.27%. The firm had revenue of $69.40 million during the quarter, compared to the consensus estimate of $68.80 million. On average, sell-side analysts forecast that Brookline Bancorp, Inc. will post 1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were given a $0.105 dividend. This is a boost from Brookline Bancorp, Inc.’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, November 8th. Brookline Bancorp, Inc.’s dividend payout ratio is presently 52.50%.

Brookline Bancorp, Inc. declared that its board has authorized a share repurchase plan on Thursday, December 6th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the bank to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Brookline Bancorp, Inc. from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. BidaskClub downgraded Brookline Bancorp, Inc. from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.

Brookline Bancorp, Inc. Company Profile

Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. As a commercially focused financial institution with 50 full-service banking offices throughout greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offered a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services throughout central New England, as of December 31, 2016.

 

Introducing Yoetzet Halacha Sarah Cheses

Sarah Cheses
Sarah Cheses

We are delighted to introduce Sarah Cheses, the first Yoetzet Halachaserving the Greater Boston Community under the auspices of the newly founded New England Yoetzet Halacha Initiative (NEYHI).

As a Yoetzet, Sarah Cheses will serve as an advisor to couples on Taharat HaMishpacha (Jewish law relating to married life) and its intersection with women’s health. She can be reached for consultations via phone or text at 339-364-2848 or via e-mail at NE.yoetzet@gmail.com.

The best hours to contact Sarah are 09:00 a.m. to 03:00 p.m. and 08:00 p.m. to 10:00 p.m. Sarah will also give a number of lectures each year in Brookline and other communities in the Greater Boston area. For more information and to stay connected, please visit NEyoetzet.org and sign up for the mailing list. Sarah plans to consult with one’s congregational rabbi on any questions in need of a psak (decision).

The New England Yoetzet Halacha Initiative is made possible through the annual commitment of Young Israel of Brookline and other local shuls as well as private donations.

Our hope is that through this initiative, more women will feel encouraged and supported in their diligent efforts to keep Taharat Hamishpachah and become more aware and knowledgeable about important key women’s health issues.

As a member of the Young Israel of Brookline, please help us welcome Sarah into her new role by making a donation to this wonderful initiative.

Sarah Cheses

Sarah, originally from Columbus, Ohio, recently moved to Sharon, Massachusetts with her family, where her husband, Rabbi Noah Cheses, is serving as the Rabbi of the Young Israel of Sharon. Sarah is a graduate of the Keren Ariel Yoetzet Halacha Program at Nishmat: The Jeanie Schottenstein Center for Advanced Torah Study for Women in Jerusalem and holds both a Master’s degree in Public Health from Columbia University and a B.A. in Biology with Honors from Yeshiva University’s Stern College for Women. Sarah has previously taught at Ulpanot Orot High School in Toronto and at Ma’ayanot Yeshiva High School for Girls in Teaneck, NJ. She has been involved with informal Jewish education through her role as Co-Director of the Seif Jewish Learning Initiative on Campus (JLIC) at Yale University, as a part-time JLIC educator in Toronto-area universities, and through Camp Stone and NCSY.