It’s still a bull thesis, just subverted: Brookline Bancorp, Inc (BRKL)

At the time of writing, Brookline Bancorp, Inc [BRKL] stock is trading at $12.74, down -0.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BRKL shares have gain 5.90% over the last week, with a monthly amount glided 12.84%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Brookline Bancorp, Inc [NASDAQ: BRKL] stock has seen the most recent analyst activity on September 20, 2023, when Hovde Group initiated its Outperform rating and assigned the stock a price target of $10.75. Previously, Seaport Research Partners started tracking the stock with Buy rating on September 12, 2023, and set its price target to $12. On December 21, 2022, Raymond James initiated with a Mkt Perform rating. Raymond James downgraded its rating to a Mkt Perform. Raymond James upgraded its rating to Outperform for this stock on June 17, 2020, but kept the price target unchanged to $11. In a note dated June 16, 2020, DA Davidson initiated an Buy rating and provided a target price of $12 on this stock.

For the past year, the stock price of Brookline Bancorp, Inc fluctuated between $8.01 and $13.15. Brookline Bancorp, Inc [NASDAQ: BRKL] shares were valued at $12.74 at the most recent close of the market.

Analyzing the BRKL fundamentals

According to Brookline Bancorp, Inc [NASDAQ:BRKL], the company’s sales were 648.43M for trailing twelve months, which represents an 9.01% jump. Gross Profit Margin for this corporation currently stands at 1.12% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.65 points at the first support level, and at 12.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.89, and for the 2nd resistance point, it is at 13.04.

Ratios To Look Out For

It is important to note that Brookline Bancorp, Inc [NASDAQ:BRKL] has a current ratio of 0.10. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 15.34.

Transactions by insiders

Recent insider trading involved Hollister Thomas J, Director, that happened on May 08 ’24 when 2400.0 shares were purchased. Director, Hill Willard I JR completed a deal on Apr 29 ’24 to buy 2000.0 shares. Meanwhile, Chief Operations Officer Cosman James M sold 16000.0 shares on Mar 12 ’24.

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