Media coverage about Berkshire Hills Bancorp (NYSE:BHLB) has been trending somewhat negative on Tuesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news 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 -0.03 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 46.4297861114172 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities research analysts have issued reports on BHLB shares. Zacks Investment Research raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, January 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $42.50 target price on shares of Berkshire Hills Bancorp in a research report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.30.
Shares of Berkshire Hills Bancorp (BHLB) opened at $39.60 on Tuesday. The stock has a market capitalization of $1,794.36, a P/E ratio of 26.76 and a beta of 0.70. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. Berkshire Hills Bancorp has a 12-month low of $32.85 and a 12-month high of $40.10.
Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $115.66 million during the quarter, compared to analysts’ expectations of $115.50 million. Berkshire Hills Bancorp had a return on equity of 7.09% and a net margin of 11.37%. equities analysts forecast that Berkshire Hills Bancorp will post 2.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. This is a boost from Berkshire Hills Bancorp’s previous quarterly dividend of $0.21. Berkshire Hills Bancorp’s dividend payout ratio is presently 59.46%.
In other Berkshire Hills Bancorp news, Director Patrick J. Sheehan purchased 8,938 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $37.11 per share, for a total transaction of $331,689.18. Following the completion of the acquisition, the director now directly owns 1,168 shares in the company, valued at $43,344.48. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Murphy purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $37.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the director now owns 11,884 shares of the company’s stock, valued at $439,708. The disclosure for this purchase can be found here. Insiders have acquired 10,938 shares of company stock valued at $405,689 in the last ninety days. Company insiders own 1.71% of the company’s stock.
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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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