Let’s look at the key reasons that are pushing Brookline Bancorp, Inc (BRKL) to new highs

Brookline Bancorp, Inc (NASDAQ: BRKL) kicked off on Friday, up 0.67% from the previous trading day, before settling in for the closing price of $11.92. Over the past 52 weeks, BRKL has traded in a range of $8.01-$13.15.

During the last 5-year period, the sales growth of Financial Sector giant was 16.11%. While this was happening, its average annual earnings per share was recorded -4.41%. With a float of $87.09 million, this company’s outstanding shares have now reached $89.98 million.

Let’s determine the extent of company efficiency that accounts for 1018 employees. In terms of profitability, gross margin is 112.32%, operating margin of 18.91%, and the pretax margin is 16.83%.

Brookline Bancorp, Inc (BRKL) Breakdown of a Key Holders of the stock

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 3.21%, while institutional ownership is 81.60%. 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) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -4.41% per share during the next fiscal year.

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 1.67. Likewise, its price to free cash flow for the trailing twelve months is 11.27.

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 0.65 in one year’s time.

Technical Analysis of Brookline Bancorp, Inc (BRKL)

Looking closely at Brookline Bancorp, Inc (NASDAQ: BRKL), its last 5-days average volume was 0.53 million, which is a drop from its year-to-date volume of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 81.93%. Additionally, its Average True Range was 0.34.

During the past 100 days, Brookline Bancorp, Inc’s (BRKL) raw stochastic average was set at 68.49%, which indicates a significant decrease from 85.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.83% in the past 14 days, which was lower than the 30.13% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.18, while its 200-day Moving Average is $10.17. However, in the short run, Brookline Bancorp, Inc’s stock first resistance to watch stands at $12.13. Second resistance stands at $12.26. The third major resistance level sits at $12.40. If the price goes on to break the first support level at $11.85, it is likely to go to the next support level at $11.71. Now, if the price goes above the second support level, the third support stands at $11.58.

Brookline Bancorp, Inc (NASDAQ: BRKL) Key Stats

The company with the Market Capitalisation of 1.08 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.