BRKL Stock Summary and Trading Ideas (Brookline Bancorp | NASDAQ:BRKL)

Brookline Bancorp Inc operates as a multi-bank holding company. It offers commercial, business, and retail banking services, including a full complement of cash management products, online banking services, and consumer and residential loans.

Brookline Bancorp trades on the NASDAQ stock market under the symbol BRKL.

As of April 19, 2024, BRKL stock price declined to $9.02 with 22,805 million shares trading.

BRKL has a beta of 1.85, meaning it tends to be more sensitive to market movements. BRKL has a correlation of 0.29 to the broad based SPY ETF.

BRKL has a market cap of $808.59 million. This is considered a Small Cap stock.

Last quarter Brookline Bancorp reported $84 million in Revenue and $.26 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.03.

In the last 3 years, BRKL stock traded as high as $17.74 and as low as $7.00.

The top ETF exchange traded funds that BRKL belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

BRKL has underperformed the market in the last year with a price return of -7.1% while the SPY ETF gained +22.2%. BRKL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.0% and -5.4%, respectively, while the SPY returned +5.1% and -2.7%, respectively.

BRKL support price is $8.88 and resistance is $9.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRKL stock will trade within this expected range on the day.