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Monday, June 5, 2023

Brookline Bancorp Inc. (NASDAQ: BRKL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Brookline Bancorp Inc. (BRKL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.66. The Brookline Bancorp Inc. has recorded 13,587 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Brookline Bancorp Announces First Quarter Results Reflecting One-Time Costs Associated with PCSB Financial Corporation Acquisition.

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Stocks Info

BRKL belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $7.66 and fluctuated between $8.00 as its day high and $7.65 as its day low. The current market capitalization of Brookline Bancorp Inc. is $676.07M. A total of 0.65 million shares were traded on the day, compared to an average of 727.33K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BRKL has seen 30 BUY and 1 SELL insider trades, representing the acquisition of 60,000 and the disposition of 17,023 shares. Over the last 12 months, there were 82 BUYs and 22 SELLs from insiders. Insiders purchased 313,044 shares during that period but sold 79,285.

In the most recent transaction, Carlson Carl M bought 2,000 shares of BRKL for 8.09 per share on May 05. After the transaction, the Co-President & CFO now owns 133,197 company shares. In a previous transaction on May 04, Carlson Carl M bought 2,000 shares at 7.65 per share. BRKL shares that Co-President & CFO owns now total 131,197.

Among the insiders who bought shares, Carlson Carl M acquired of 2,000 shares on May 03 at a per-share price of $8.22. This resulted in the Co-President & CFO holding 129,197 shares of BRKL after the transaction. In another insider transaction, HACKETT JOHN A bought 1,000 shares at $8.24 per share on May 03. Company shares held by the Director now total 35,816.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Brookline Bancorp Inc. pays an annual dividend of $0.54, resulting in a dividend yield of 7.05%, and it has a price to earnings (P/E) ratio of 6.44. BRKL’s most recent ex-dividend date was 5/11/2023 when it declared a $0.1350 quarterly dividend that was paid in cash on 5/26/2023. Previously, the company paid the dividend on 2/24/2023 with an ex-dividend date of 2/9/2023. The BRKL stock dividend was $0.1350 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BRKL in the last 3 months, the mean price target is $12.33 with high estimates of $13.00 and low estimates of $12.00. In terms of 52-week highs and lows, BRKL has a high of $15.50 and a low of $7.00.

As of this writing, BRKL has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.27.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $12.91, while its Total Shareholder’s Equity was $995.34M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRKL is Buy with a score of 3.67.

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