Brookline Bancorp, Inc (NASDAQ: BRKL) is 10.82% higher on its value in year-to-date trading and has touched a low of $8.01 and a high of $12.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRKL stock was last observed hovering at around $12.46 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $12.09, the stock is 10.11% and 16.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -2.97% at the moment leaves the stock 25.48% off its SMA200. BRKL registered 34.33% gain for a year compared to 6-month gain of 37.07%. The firm has a 50-day simple moving average (SMA 50) of $10.343 and a 200-day simple moving average (SMA200) of $9.6281.
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The stock witnessed a 23.12% loss in the last 1 month and extending the period to 3 months gives it a 26.86%, and is 7.47% 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 3.25% over the week and 2.85% over the month.
Brookline Bancorp, Inc (BRKL) has around 1018 employees, a market worth around $1.07B and $648.43M in sales. Current P/E ratio is 14.56 and Fwd P/E is 11.17. Profit margin for the company is 11.42%. Distance from 52-week low is 50.94% and -3.86% from its 52-week high. The company has generated returns on investments over the last 12 months (2.75%).
The EPS is expected to shrink by -4.41% this year
285.0 institutions hold shares in Brookline Bancorp, Inc (BRKL), with institutional investors hold 85.78% of the company’s shares. The shares outstanding are 89.64M, and float is at 86.02M with Short Float at 1.45%. Institutions hold 83.00% 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).
