Brookline Bancorp Inc (NASDAQ: BRKL). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Small positive changes in Brookline Bancorp Inc (NASDAQ: BRKL) fundamentals have recently occurred: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BRKL is expected to continue to be a modest Value Builder.
Brookline Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Brookline Bancorp has a very high Appreciation Score of 87 but a neutral Power Rating of 42, leading to the Positive Value Trend Rating.
Recent Price Action
Brookline Bancorp Inc (NASDAQ: BRKL) stock enjoyed a large increase of 3.0% on 7/15/24. The stock closed at $9.57. Moreover, trading volume in this advance was above average at 139% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.5% during the last week.
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