Brookline Bancorp, Inc. (NASDAQ: BRKL) is -1.74% lower on its value in year-to-date trading and has touched a low of $7.93 and a high of $11.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRKL stock was last observed hovering at around $10.56 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $10.72, the stock is 6.51% and 7.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 1.52% at the moment leaves the stock 11.78% off its SMA200. BRKL registered 18.19% gain for a year compared to 6-month gain of 19.51%. The firm has a 50-day simple moving average (SMA 50) of $9.9306 and a 200-day simple moving average (SMA200) of $9.5913.
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The stock witnessed a 5.82% loss in the last 1 month and extending the period to 3 months gives it a 6.45%, and is 9.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.76% over the week and 2.41% over the month.
Brookline Bancorp, Inc. (BRKL) has around 1018 employees, a market worth around $953.12M and $634.71M in sales. Current P/E ratio is 12.46 and Fwd P/E is 10.97. Profit margin for the company is 12.07%. Distance from 52-week low is 35.24% and -6.94% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
Brookline Bancorp, Inc. quarterly earnings per share for the current quarter are estimated at 0.2 with sales reaching $82.49M over the same period.The EPS is expected to shrink by -10.59% this year, but quarterly earnings will post -1.60% year-over-year. Quarterly sales are estimated to shrink -3.80% in year-over-year returns.
279.0 institutions hold shares in Brookline Bancorp, Inc. (BRKL), with institutional investors hold 85.81% of the company’s shares. The shares outstanding are 89.64M, and float is at 86.02M with Short Float at 1.23%. Institutions hold 83.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.86 million shares valued at $107.4 million. The investor’s holdings represent 14.4696 of the BRKL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.1 million shares valued at $84.34 million to account for 11.3631 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 5.15 million shares representing 5.7986 and valued at over $43.04 million, while JENNISON ASSOCIATES LLC holds 5.5928 of the shares totaling 4.97 million with a market value of $41.51 million.
Brookline Bancorp, Inc. (BRKL) Insider Activity
The most recent transaction is an insider purchase by Hollister Thomas J, the company’s Director. SEC filings show that Hollister Thomas J bought 2,400 shares of the company’s common stock on May 08 ’24 at a price of $8.72 per share for a total of $20928.0. Following the purchase, the insider now owns 7800.0 shares.
Brookline Bancorp, Inc. disclosed in a document filed with the SEC on Apr 29 ’24 that Hill Willard I JR (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Apr 29 ’24 and was made at $8.44 per share for $16878.0. Following the transaction, the insider now directly holds 25631.0 shares of the BRKL stock.
Still, SEC filings show that on Mar 12 ’24, Cosman James M (Chief Operations Officer) disposed off 16,000 shares at an average price of $9.66 for $0.15 million. The insider now directly holds 69,873 shares of Brookline Bancorp, Inc. (BRKL).
