Stock Rating Downgrade
The Value Trend Rating for Brookline Bancorp Inc (NASDAQ: BRKL) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 10/1/24, Brookline Bancorp Inc (NASDAQ: BRKL) stock declined by -3.1%, closing at $9.78. However, this decline was accompanied by below average trading volume at 73% of normal. The stock has declined -4.4% 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 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Brookline Bancorp has a very high Appreciation Score of 85 but a neutral Power Rating of 42, leading to the High Neutral Value Trend Rating.
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