The stock of Brookline Bancorp, Inc. (NASDAQ: BRKL) has decreased by -11.74 when compared to last closing price of 9.54. Despite this, the company has experienced a -7.06% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that Brookline Bancorp, Inc. (NASDAQ:BRKL ) Q1 2024 Earnings Conference Call April 25, 2024 1:30 PM ET Company Participants Laura Vaughn – Attorney Paul A. Perrault – Chairman & Chief Executive Officer Carl M.
Is It Worth Investing in Brookline Bancorp, Inc. (NASDAQ: BRKL) Right Now?
Brookline Bancorp, Inc. (NASDAQ: BRKL) has a higher price-to-earnings ratio of 9.17x compared to its average ratio, The 36-month beta value for BRKL is at 0.74. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for BRKL is 86.25M, and currently, shorts hold a 1.63% of that float. The average trading volume for BRKL on April 26, 2024 was 450.07K shares.
BRKL’s Market Performance
The stock of Brookline Bancorp, Inc. (BRKL) has seen a -7.06% decrease in the past week, with a -10.81% drop in the past month, and a -24.82% fall in the past quarter. The volatility ratio for the week is 4.63%, and the volatility levels for the past 30 days are at 2.91% for BRKL. The simple moving average for the past 20 days is -10.32% for BRKL’s stock, with a -13.53% simple moving average for the past 200 days.
Analysts’ Opinion of BRKL
Many brokerage firms have already submitted their reports for BRKL stocks, with Hovde Group repeating the rating for BRKL by listing it as a “Outperform.” The predicted price for BRKL in the upcoming period, according to Hovde Group is $10.75 based on the research report published on September 20, 2023 of the previous year 2023.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see BRKL reach a price target of $12. The rating they have provided for BRKL stocks is “Buy” according to the report published on September 12th, 2023.
BRKL Trading at -12.05% from the 50-Day Moving Average
After a stumble in the market that brought BRKL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.91% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares sank -13.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.11% lower at present.
During the last 5 trading sessions, BRKL fell by -7.06%, which changed the moving average for the period of 200-days by -6.13% in comparison to the 20-day moving average, which settled at $9.32. In addition, Brookline Bancorp, Inc. saw -22.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRKL starting from Cosman James M, who sale 16,000 shares at the price of $9.66 back on Mar 12 ’24. After this action, Cosman James M now owns 69,873 shares of Brookline Bancorp, Inc., valued at $154,560 using the latest closing price.
Cosman James M, the Chief Operations Officer of Brookline Bancorp, Inc., sale 16,000 shares at $10.00 during a trade that took place back on Mar 08 ’24, which means that Cosman James M is holding 69,873 shares at $160,000 based on the most recent closing price.
Stock Fundamentals for BRKL
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 1.0 for the gross margin
The net margin for Brookline Bancorp, Inc. stands at 0.17. The total capital return value is set at 0.03. Equity return is now at value 6.96, with 0.71 for asset returns.
Based on Brookline Bancorp, Inc. (BRKL), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 0.79.
Currently, EBITDA for the company is -23.09 million with net debt to EBITDA at 11.2. When we switch over and look at the enterprise to sales, we see a ratio of 4.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In conclusion, Brookline Bancorp, Inc. (BRKL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
