Brookline Bancorp, Inc (BRKL) is destined for greater heights as its last quarter sales were 165,910 K

Brookline Bancorp, Inc (NASDAQ: BRKL) kicked off on Monday, up 4.93% from the previous trading day, before settling in for the closing price of $12.16. Over the past 52 weeks, BRKL has traded in a range of $8.01-$12.57.

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Annual sales at Financial sector company grew by 15.02% over the past five years. While this was happening, its average annual earnings per share was recorded -4.41%. With a float of $86.20 million, this company’s outstanding shares have now reached $89.64 million.

Let’s look at the performance matrix of the company that is accounted for 1018 employees. In terms of profitability, gross margin is 100.08%, operating margin of 16.85%, and the pretax margin is 15.0%.

Brookline Bancorp, Inc (BRKL) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Brookline Bancorp, Inc is 3.25%, while institutional ownership is 79.66%. The most recent insider transaction that took place on May 08 ’24, was worth 20,928. In this transaction Director of this company bought 2,400 shares at a rate of $8.72, taking the stock ownership to the 7,800 shares. Before that another transaction happened on Apr 29 ’24, when Company’s Director bought 2,000 for $8.44, making the entire transaction worth $16,878. This insider now owns 25,631 shares in total.

Brookline Bancorp, Inc (BRKL) Performance Highlights and Predictions

According to the Wall Street analysts, stocks earnings will be around -4.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to -3.99% drop over the previous five years of trading.

Brookline Bancorp, Inc (NASDAQ: BRKL) Trading Performance Indicators

Take a look at Brookline Bancorp, Inc’s (BRKL) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76. Likewise, its price to free cash flow for the trailing twelve months is 11.94.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.08 in one year’s time.

Technical Analysis of Brookline Bancorp, Inc (BRKL)

Brookline Bancorp, Inc (NASDAQ: BRKL) saw its 5-day average volume 1.12 million, a positive change from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 81.56%. Additionally, its Average True Range was 0.38.

During the past 100 days, Brookline Bancorp, Inc’s (BRKL) raw stochastic average was set at 99.35%, which indicates a significant increase from 98.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.95% in the past 14 days, which was higher than the 33.65% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.47, while its 200-day Moving Average is $9.65. Nevertheless, the first resistance level for the watch stands at $12.92 in the near term. At $13.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.36. If the price goes on to break the first support level at $12.48, it is likely to go to the next support level at $12.19. Assuming the price breaks the second support level, the third support level stands at $12.04.

Brookline Bancorp, Inc (NASDAQ: BRKL) Key Stats

The company with the Market Capitalisation of 1.14 billion has total of 89,098K Shares Outstanding. Its annual sales at the moment are 609,220 K in contrast with the sum of 75,000 K annual income. Company’s last quarter sales were recorded 165,910 K and last quarter income was 20,140 K.