Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Brookline Bancorp Inc (NASDAQ: BRKL) weakened of late. BRKL's current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Brookline Bancorp Inc (NASDAQ: BRKL) stock closed at $9.53 on 8/9/24 after a slight decline of -0.8%. However, trading volume in this decline was unusually low at 50% of normal. The stock has declined -5.3% during the last week and has been weak relative to 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 (Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing very contradictory signals. Brookline Bancorp has a very high Appreciation Score of 85 but a poor Power Rating of 20, resulting in the Neutral Value Trend Rating.