News coverage about Berkshire Hills Bancorp (NYSE:BHLB) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of 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 -1 to 1, with scores nearest to one being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the savings and loans company an impact score of 45.6052126167515 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Berkshire Hills Bancorp (NYSE BHLB) opened at $38.70 on Friday. 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 $1,760.90, a P/E ratio of 20.81 and a beta of 0.69. 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 (NYSE:BHLB) last released its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. sell-side analysts anticipate that Berkshire Hills Bancorp will post 2.28 EPS for the current year.
Several research analysts recently commented on BHLB shares. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, January 1st. 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. BidaskClub raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.50 price objective on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.30.
In other news, Director William J. Ryan bought 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $37.87 per share, for a total transaction of $113,610.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Williar Dunlaevy sold 7,455 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $39.30, for a total value of $292,981.50. Following the transaction, the director now owns 67,747 shares in the company, valued at approximately $2,662,457.10. The disclosure for this sale can be found here. Company insiders own 2.82% 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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