Brookline Stock Hits New 52-Week Low (BRKL)

NEW YORK ( TheStreet) -- Brookline Bancorp (Nasdaq: BRKL) hit a new 52-week low Friday as it is currently trading at $7.23, below its previous 52-week low of $7.37 with 64,915 shares traded as of 9:52 a.m. ET. Average volume has been 505,400 shares over the past 30 days.

Brookline has a market cap of $463.6 million and is part of the financial sector and banking industry. Shares are down 31.8% 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 16.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Brookline as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Brookline Ratings Report.

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