Headlines about Berkshire Hills Bancorp (NYSE:BHLB) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the savings and loans company an impact score of 45.5976663905876 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
Several research analysts recently issued reports on BHLB shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.50 target price on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. Zacks Investment Research cut Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. BidaskClub cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Jefferies Group reaffirmed a “hold” rating and set a $40.00 target price on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Finally, FIG Partners reaffirmed an “outperform” rating and set a $41.00 target price on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $41.30.
Berkshire Hills Bancorp (BHLB) opened at $38.30 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89. Berkshire Hills Bancorp has a 1 year low of $32.85 and a 1 year high of $40.00. The firm has a market capitalization of $1,733.73, a price-to-earnings ratio of 20.59 and a beta of 0.69.
Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $107.60 million. equities analysts expect that Berkshire Hills Bancorp will post 2.28 EPS for the current year.
In other Berkshire Hills Bancorp news, insider Michael D. Carroll sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $38.50, for a total value of $77,000.00. Following the transaction, the insider now owns 7,255 shares of the company’s stock, valued at $279,317.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Ryan acquired 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $37.87 per share, for a total transaction of $113,610.00. The disclosure for this purchase can be found here. 2.82% of the stock is currently owned by insiders.
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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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