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%).
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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Brookline Bancorp Inc will trade ex-dividend, for its quarterly dividend of $0.085, payable on 2/27/15. As a percentage of BRKL's recent stock price of $9.91, this dividend works out to approximately 0.86%, so look for shares of Brookline Bancorp Inc to trade 0.86% lower — all else being equal — when BRKL shares open for trading on 2/11/15.