Media coverage about Berkshire Hills Bancorp (NYSE:BHLB) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring 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 media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the savings and loans company an impact score of 46.212958491299 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
A number of equities analysts have weighed in on the company. Zacks Investment Research cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. FIG Partners reiterated an “outperform” rating and set a $41.00 target price on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. Jefferies Group reiterated a “hold” rating and set a $38.00 target price on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. BidaskClub lowered Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price target on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $41.30.
Berkshire Hills Bancorp (NYSE BHLB) opened at $37.55 on Thursday. Berkshire Hills Bancorp has a 52 week low of $32.85 and a 52 week high of $40.00. The stock has a market capitalization of $1,720.00, a price-to-earnings ratio of 20.30 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33.
Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The business had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. research analysts expect that Berkshire Hills Bancorp will post 2.29 EPS for the current year.
In other Berkshire Hills Bancorp news, Director William J. Ryan acquired 3,000 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $37.87 per share, with a total value of $113,610.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Williar Dunlaevy sold 7,455 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $39.30, for a total value of $292,981.50. Following the completion of the sale, the director now directly owns 67,747 shares of the company’s stock, valued at $2,662,457.10. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.
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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.
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