News headlines about Berkshire Hills Bancorp (NYSE:BHLB) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to 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 assigned news headlines about the savings and loans company an impact score of 45.5452516252211 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Berkshire Hills Bancorp (NYSE:BHLB) traded up 0.447% during mid-day trading on Thursday, reaching $39.325. 192,370 shares of the company’s stock traded hands. Berkshire Hills Bancorp has a 12 month low of $29.05 and a 12 month high of $40.00. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 21.715 and a beta of 0.67. The company has a 50 day moving average of $37.20 and a 200 day moving average of $36.07.
Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. Berkshire Hills Bancorp had a return on equity of 7.13% and a net margin of 15.54%. Analysts expect that Berkshire Hills Bancorp will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, November 8th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 45.16%.
Several research analysts recently weighed in on BHLB shares. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Monday, September 25th. BidaskClub raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price objective on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating and set a $39.50 price objective on shares of Berkshire Hills Bancorp in a research note on Sunday. Finally, Jefferies Group LLC reissued a “hold” rating and set a $38.00 price objective on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Berkshire Hills Bancorp currently has an average rating of “Buy” and a consensus target price of $38.92.
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In other Berkshire Hills Bancorp news, insider Michael P. Daly sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $33.78, for a total value of $844,500.00. Following the completion of the sale, the insider now owns 103,670 shares in the company, valued at $3,501,972.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Murphy purchased 1,000 shares of Berkshire Hills Bancorp stock in a transaction on Monday, August 14th. The stock was bought at an average price of $34.25 per share, with a total value of $34,250.00. Following the transaction, the director now owns 9,668 shares of the company’s stock, valued at $331,129. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by corporate insiders.
About Berkshire Hills Bancorp
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.
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