Would It Be A Good Move Today To Buy Brookline Bancorp Inc. (BRKL) Stock?


As of Wednesday close, Brookline Bancorp Inc.’s (NASDAQ:BRKL) stock was down -$0.14, moving down -0.98 percent to $14.13. The average number of shares traded per day over the past five days has been 343,300 shares. 4 times new highs have been achieved over the past 5 days, with a $0.48 gain in that time frame. In the last twenty days, the average volume was 439,740, while in the previous 50 days, it was 387,342.

Since last month, BRKL stock rose 9.45%. Shares of the company fell to $12.59 on 10/24/22, the lowest level in the past month. A 52-week high of $17.74 was reached on 01/18/22 after having rallying from a 52-week low of $11.59. Since the beginning of this year, BRKL’s stock price has dropped by -12.72% or -$2.06, and marked a new high 8 times. However, the stock has declined by -20.35% since its 52-week high.

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BRKL stock investors should be aware that Brookline Bancorp Inc. (BRKL) stock had its last reported insider trading activity 83 days ago on Sep 02. NOWAK BOGDAN, the Director of the company, purchased of 10,000 shares for $12.71 on Sep 02. It resulted in a $127,050 investment by the insider. NOWAK BOGDAN added 738 shares at an average price of $13.96 on Aug 19. The insider now owns 143,662 shares following the transaction. On Feb 02, Director CHAPIN DAVID C sold 10,000 shares at $16.94 apiece. The transaction was valued at $169,400.

Valuation Metrics

Right now, Brookline Bancorp Inc. (BRKL) has a P/E ratio of about 10.09. The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 3.32, the price-to-book (PB) ratio of 1.13, and the price-to-cash flow ratio of 12.37 may also be considered.

The latest dividend of $0.1350 per share was paid out, which is 3.85% more than last year’s $0.13. On Wednesday October 26 2022, a $0.0050 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.21, and the total debt-to-equity ratio was 0.21. In the year ended September 29, operating margins totaled 90.20%. Based on annual data, BRKL earned $282.37 million in gross profit and brought in $311.53 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.80%. Return on equity (ROE) for the past 12 months was 11.10%.

In Brookline Bancorp Inc.’s quarter-end financial report for September 29, it reported total debt of $758.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Brookline Bancorp Inc. to report $0.35 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 11.40%. The value of shareholders’ equity is $76.84 million.

Technical Picture

This quick technical analysis looks at Brookline Bancorp Inc.’s (BRKL) price momentum. With a historical volatility rate of 17.20%, the RSI 9-day stood at 64.84% on 23 November.

With respect to its five-day moving average, the current Brookline Bancorp Inc. price is up by +3.52% percent or $0.48. At present, BRKL shares trade +11.17% above its 20-day simple moving average and +4.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.77% above its SMA50 and -19.67% below its SMA200.

Stochastic coefficient K was 92.00% and Stochastic coefficient D was 91.66%, while ATR was 0.33. Given the Stochastic reading of 83.46% for the 14-day period, the RSI (14) reading has been calculated as 63.25%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.41.

Analyst Ratings

Brookline Bancorp Inc. (BRKL) has been rated Overweight by analysts. According to 0 brokerage firms, BRKL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Brookline Bancorp Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $17.25, the current consensus forecast for the stock is $16.00 – $20.00. Based on these forecasts, analysts predict Brookline Bancorp Inc. (BRKL) will achieve an average price target of $17.63.


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