The price-to-earnings ratio for Brookline Bancorp, Inc. (NASDAQ: BRKL) is above average at 12.06x, Company’s 36-month beta value is 0.76.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for BRKL is 86.02M, and currently, short sellers hold a 1.24% ratio of that floaft. The average trading volume of BRKL on September 19, 2024 was 592.55K shares.
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BRKL) stock’s latest price update
Brookline Bancorp, Inc. (NASDAQ: BRKL) has seen a rise in its stock price by 0.83 in relation to its previous close of 10.29. However, the company has experienced a 5.76% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-06 that I’ve reduced my earnings estimate to $0.74 per share for 2024 following the second quarter performance, which missed my expectations. Subdued loan growth will likely counter the margin pressure and drive an earnings recovery next year. The December 2024 target price suggests a price upside of around 15%.
BRKL’s Market Performance
BRKL’s stock has risen by 5.76% in the past week, with a monthly rise of 6.74% and a quarterly rise of 25.61%. The volatility ratio for the week is 3.09% while the volatility levels for the last 30 days are 2.58% for Brookline Bancorp, Inc. The simple moving average for the last 20 days is 3.64% for BRKL stock, with a simple moving average of 7.53% for the last 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 4.60% 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 -9.94% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +6.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.10% upper at present.
During the last 5 trading sessions, BRKL rose by +6.27%, which changed the moving average for the period of 200-days by +2.91% in comparison to the 20-day moving average, which settled at $10.04. In addition, Brookline Bancorp, Inc. saw -4.90% 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 Hollister Thomas J, who purchase 2,400 shares at the price of $8.72 back on May 08 ’24. After this action, Hollister Thomas J now owns 7,800 shares of Brookline Bancorp, Inc., valued at $20,928 using the latest closing price.
Hill Willard I JR, the Director of Brookline Bancorp, Inc., purchase 2,000 shares at $8.44 during a trade that took place back on Apr 29 ’24, which means that Hill Willard I JR is holding 25,631 shares at $16,878 based on the most recent closing price.
Stock Fundamentals for BRKL
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 1.0 for the gross margin
The net margin for Brookline Bancorp, Inc. stands at 0.13. The total capital return value is set at 0.02. Equity return is now at value 6.49, with 0.67 for asset returns.
Based on Brookline Bancorp, Inc. (BRKL), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is -23.09 million with net debt to EBITDA at 59.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In a nutshell, Brookline Bancorp, Inc. (BRKL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
