Brookline Rises On Unusually High Volume (BRKL)

NEW YORK ( TheStreet) -- Brookline Bancorp (Nasdaq: BRKL) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 22 cents (+2.7%) at $8.46 as of four p.m. ET.

Brookline has a market cap of $496.8 million and is part of the financial sector and banking industry. Shares are down 22.5% 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 17.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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 unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Brookline Ratings Report.

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