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NEW YORK ( TheStreet) -- Brookline Bancorp (Nasdaq: BRKL) hit a new 52-week low Friday as it is currently trading at $8.24, below its previous 52-week low of $8.26 with 170,653 shares traded as of 11:13 a.m. ET. Average volume has been 502,600 shares over the past 30 days. Brookline has a market cap of $499.2 million and is part of the financial sector and banking industry. Shares are down 22.9% year to date as of the close of trading on Thursday. Brookline Bancorp, Inc. operates as the holding company for Brookline Bank that provides various banking products and services. The company has a P/E ratio of 18, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.