Brookline Bancorp (BRKL) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Brookline Bancorp (BRKL) - Brookline Bancorp currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Performance Metrics - Over the past week, BRKL shares increased by 3.78%, while the Zacks Financial - Savings and Loan industry rose by 0.53% [5] - In a longer timeframe, BRKL's monthly price change is 26.88%, significantly outperforming the industry's 9.44% [5] - Over the last quarter, BRKL shares have risen by 31.02%, and by 42.24% over the past year, compared to the S&P 500's increases of 13.52% and 37.4%, respectively [6] Trading Volume - The average 20-day trading volume for BRKL is 569,307 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for BRKL have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.77 to $0.82 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, BRKL is positioned as a promising investment opportunity with a Momentum Score of A [9]