While Brookline Bancorp, Inc. has underperformed by -1.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BRKL fell by -25.96%, with highs and lows ranging from $13.06 to $7.00, whereas the simple moving average jumped by 0.53% in the last 200 days.
On September 20, 2023, Hovde Group started tracking Brookline Bancorp, Inc. (NASDAQ: BRKL) recommending Outperform. A report published by Seaport Research Partners on September 12, 2023, Initiated its previous ‘Buy’ rating for BRKL. Keefe Bruyette Initiated an Mkt Perform rating on January 10, 2022, and assigned a price target of $18. Raymond James July 08, 2021d its ‘Outperform’ rating to ‘Mkt Perform’ for BRKL, as published in its report on July 08, 2021. Raymond James’s report from June 17, 2020 suggests a price prediction of $11 for BRKL shares, giving the stock a ‘Outperform’ rating. DA Davidson also rated the stock as ‘Buy’.
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Analysis of Brookline Bancorp, Inc. (BRKL)
A return on investment can be expected regardless of BRKL’s performance over the next quarter with the dividend set at $0.54 per share. Further, the quarter-over-quarter increase in sales is 42.74%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Brookline Bancorp, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 6.85% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BRKL is recording an average volume of 503.10K. On a monthly basis, the volatility of the stock is set at 3.80%, whereas on a weekly basis, it is put at 2.21%, with a loss of -1.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.80, showing growth from the present price of $9.64, which can serve as yet another indication of whether BRKL is worth investing in or should be passed over.
How Do You Analyze Brookline Bancorp, Inc. Shares?
A leading company in the Banks – Regional sector, Brookline Bancorp, Inc. (BRKL) is based in the USA. When comparing Brookline Bancorp, Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.41, there is a growth in quarterly earnings of -33.27%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BRKL shares are owned by institutional investors to the tune of 79.25% at present.
