Brookline Bancorp, Inc. (BRKL) traded on unusually high volume on March 27, 2017, as the stock gained 0.66% to close at $15.15. On the day, Brookline Bancorp, Inc. saw 422,088 shares trade hands on 3,579 trades. Considering that the stock averages only a daily volume of 253,532 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $17.45 and $10.40 over the last 52-weeks, its 50-day SMA is now $15.66, and its 200-day SMA $13.45. Brookline Bancorp, Inc. has a P/B ratio of 1.54. It also has a P/E ratio of 20.6.
Brookline Bancorp, Inc. operates as a multi-bank holding company. Its offers commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans.
Headquartered in Boston, MA, Brookline Bancorp, Inc. has 743 employees and is currently under the leadership of CEO Paul A. Perrault.
About Brookline Bancorp
Brookline Bancorp, Inc. operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services.