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Brookline Bancorp, Inc. (BRKL) rating initates by Hovde Group

Brookline Bancorp, Inc.’s recently made public that its Director Hollister Thomas J acquired Company’s shares for reported $20928.0 on May 08 ’24. In the deal valued at $8.72 per share,2,400 shares were bought. As a result of this transaction, Hollister Thomas J now holds 7,800 shares worth roughly $80418.0.

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Then, Hill Willard I JR bought 2,000 shares, generating $16,878 in total proceeds. Upon buying the shares at $8.44, the Director now owns 25,631 shares.

Before that, Cosman James M sold 16,000 shares. Brookline Bancorp, Inc. shares valued at $154,560 were divested by the Chief Operations Officer at a price of $9.66 per share. As a result of the transaction, Cosman James M now holds 69,873 shares, worth roughly $0.72 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 Friday, Brookline Bancorp, Inc. [NASDAQ:BRKL] saw its stock fall -1.53% to $10.31. Over the last five days, the stock has gained 2.79%. Brookline Bancorp, Inc. shares have fallen nearly -5.50% since the year began. Nevertheless, the stocks have risen 13.55% over the past one year. While a 52-week high of $11.52 was reached on 01/30/24, a 52-week low of $7.93 was recorded on 06/14/24. SMA at 50 days reached $9.98, while 200 days put it at $9.65.

Levels Of Support And Resistance For BRKL Stock

The 24-hour chart illustrates a support level at 10.25, which if violated will result in even more drops to 10.19. On the upside, there is a resistance level at 10.41. A further resistance level may holdings at 10.51. The Relative Strength Index (RSI) on the 14-day chart is 60.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.98%. Stochastics %K at 83.96% indicates the stock is a selling.

How much short interest is there in Brookline Bancorp, Inc.?

A steep rise in short interest was recorded in Brookline Bancorp, Inc. stocks on 2024-08-30, growing by 0.17 million shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.9 million shares. There was a rise of 15.49%, which implies that there is a positive sentiment for the stock.

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