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NEW YORK ( TheStreet) -- Brookline Bancorp (Nasdaq: BRKL) hit a new 52-week low Monday as it is currently trading at $8.34, below its previous 52-week high of $11.68 with 28,542 shares traded as of 10:01 a.m. ET. Average volume has been 466,100 shares over the past 30 days. Brookline has a market cap of $508 million and is part of the financial sector and banking industry. Shares are down 22.4% year to date as of the close of trading on Friday. 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 18.3, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.