In a filing, Brookline Bancorp, Inc. revealed its Chief Operations Officer Cosman James M unloaded Company’s shares for reported $0.15 million on Mar 12 ’24. In the deal valued at $9.66 per share,16,000 shares were sold. As a result of this transaction, Cosman James M now holds 69,873 shares worth roughly $0.67 million.
Then, Cosman James M sold 16,000 shares, generating $160,000 in total proceeds. Upon selling the shares at $10.00, the Chief Operations Officer now owns 69,873 shares.
Before that, HACKETT JOHN A sold 3,500 shares. Brookline Bancorp, Inc. shares valued at $31,955 were divested by the Director at a price of $9.13 per share. As a result of the transaction, HACKETT JOHN A now holds 37,998 shares, worth roughly $0.36 million.
Hovde Group initiated its Brookline Bancorp, Inc. [BRKL] rating to an Outperform in a research note published on September 20, 2023; the price target was $10.75. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Raymond James began covering BRKL with “Mkt perform” recommendation on December 21, 2022.
Price Performance Review of BRKL
On Tuesday, Brookline Bancorp, Inc. [NASDAQ:BRKL] saw its stock jump 0.53% to $9.56. Over the last five days, the stock has lost -0.93%. Brookline Bancorp, Inc. shares have fallen nearly -12.37% since the year began. Nevertheless, the stocks have fallen -9.04% over the past one year. While a 52-week high of $11.52 was reached on 01/30/24, a 52-week low of $7.00 was recorded on 03/20/24. SMA at 50 days reached $9.84, while 200 days put it at $9.72. A total of 0.22 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For BRKL Stock
The 24-hour chart illustrates a support level at 9.50, which if violated will result in even more drops to 9.44. On the upside, there is a resistance level at 9.62. A further resistance level may holdings at 9.68. The Relative Strength Index (RSI) on the 14-day chart is 47.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.30%. Stochastics %K at 36.70% indicates the stock is a holding.
How much short interest is there in Brookline Bancorp, Inc.?
A steep rise in short interest was recorded in Brookline Bancorp, Inc. stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.85 million shares. There was a rise of 33.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.84.
