The Question Is Whether To Buy Or Not To Buy Brookline Bancorp, Inc. (NASDAQ: BRKL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Brookline Bancorp, Inc. Announces Fourth Quarter 2023 Earnings Release Date and Conference Call.

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Stocks Info

Brookline Bancorp, Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $10.26 and fluctuated between $10.27 as its day high and $10.09 as its day low. The current market capitalization of Brookline Bancorp, Inc. is $911.81M. A total of 0.62 million shares were traded on the day, compared to an average of 451.89K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BRKL has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 2,000 and the disposition of 3,500 shares. Over the last 12 months, there were 77 BUYs and 46 SELLs from insiders. Insiders purchased 418,312 shares during that period but sold 102,169.

In the most recent transaction, HACKETT JOHN A sold 3,500 shares of BRKL for 9.13 per share on Nov 07. After the transaction, the Director now owns 37,998 company shares. In a previous transaction on Nov 02, Hill Willard I JR bought 2,000 shares at 8.55 per share. BRKL shares that Director owns now total 23,631.

Among the insiders who bought shares, Goldrick Michael P acquired of 5,000 shares on Jun 06 at a per-share price of $8.71. This resulted in the CEO PCSB Bank holding 14,152 shares of BRKL after the transaction. In another insider transaction, Fess Darryl J. bought 5,000 shares at $8.43 per share on May 19. Company shares held by the CEO, Brookline Bank now total 65,500.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Brookline Bancorp, Inc. pays an annual dividend of $0.54, resulting in a dividend yield of 5.26%, and it has a price to earnings (P/E) ratio of 10.54. BRKL’s most recent ex-dividend date was 11/9/2023 when it declared a $0.1350 quarterly dividend that was paid in cash on 11/24/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/10/2023. The BRKL stock dividend was $0.1350 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BRKL in the last 3 months, the mean price target is $11.70 with high estimates of $12.50 and low estimates of $11.00. In terms of 52-week highs and lows, BRKL has a high of $14.00 and a low of $7.00.

As of this writing, BRKL has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.22. The company reported an EPS of $0.25 in the last quarter, which was -13.80% lower than expectations of $0.29.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $12.92, while its Total Shareholder’s Equity was $995.34M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.20.

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