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NEW YORK ( TheStreet) -- Brookline Bancorp (Nasdaq: BRKL) hit a new 52-week low Wednesday as it is currently trading at $8.60, below its previous 52-week high of $11.68 with 721,854 shares traded as of 3:41 p.m. ET. Average volume has been 386,500 shares over the past 30 days. Brookline has a market cap of $524 million and is part of the financial sector and banking industry. Shares are down 18.4% year to date as of the close of trading on Tuesday. Brookline Bancorp, Inc. operates as the bank holding company for Brookline Bank, which provides various banking products and services. The company has a P/E ratio of 18.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.