Somewhat Positive News Coverage Somewhat Unlikely to Impact Berkshire Hills Bancorp (BHLB) Share Price

Media stories about Berkshire Hills Bancorp (NYSE:BHLB) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 45.5452516252211 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

Berkshire Hills Bancorp (BHLB) traded down 0.77% during trading on Tuesday, reaching $38.90. 96,565 shares of the company’s stock were exchanged. The company’s 50-day moving average is $36.12 and its 200-day moving average is $35.86. Berkshire Hills Bancorp has a 1-year low of $27.53 and a 1-year high of $39.75. The company has a market capitalization of $1.55 billion, a PE ratio of 21.48 and a beta of 0.67.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $102.34 million for the quarter, compared to the consensus estimate of $102.75 million. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. Equities research analysts expect that Berkshire Hills Bancorp will post $2.26 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. FIG Partners reissued an “outperform” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, September 15th. BidaskClub cut shares of Berkshire Hills Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies raised shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 price objective for the company in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Berkshire Hills Bancorp presently has a consensus rating of “Buy” and a consensus price target of $38.92.

ILLEGAL ACTIVITY WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Berkshire Hills Bancorp (BHLB) Share Price” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/17/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-berkshire-hills-bancorp-bhlb-share-price.html.

In related news, Director Richard L. Murphy purchased 1,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $34.25 per share, for a total transaction of $34,250.00. Following the transaction, the director now directly owns 9,668 shares of the company’s stock, valued at approximately $331,129. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard M. Marotta sold 9,500 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the completion of the sale, the executive vice president now owns 28,523 shares in the company, valued at $950,386.36. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

Insider Buying and Selling by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

Receive News & Ratings for Berkshire Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply