Alert: New Earnings Report (4/24/24)-Brookline Bancorp Inc (NASDAQ: BRKL).

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Brookline Bancorp Inc (NASDAQ: BRKL) has reported E.P.S. of $0.16 for its first fiscal quarter (ending March 31) versus $0.09 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.93 compared to $1.20 a year ago.

Recent Price Action

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Brookline Bancorp Inc (NASDAQ: BRKL) stock closed at $9.54 on 4/24/24 after a slight decline of -0.2%. However, below average trading volume at 72% of normal accompanied the decline. The stock has risen 5.9% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BRKL is expected to continue to be a modest Value Builder.

Brookline Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Brookline Bancorp has a slightly positive Power Rating of 61 and a very high Appreciation Score of 88, with the Highest Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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