1 day Ago By ABMN Staff
Berkshire Hills Bancorp, Inc. ( NYSE:BHLB – Get Free Report ) declared a quarterly dividend on Tuesday, September 17th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.
18 per share by the savings and loans company on Thursday, October 10th. This represents a $0.72 annualized dividend and a yield of 2.
64%. The ex-dividend date of this dividend is Monday, September 30th. Berkshire Hills Bancorp has a dividend payout ratio of 30.
1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Berkshire Hills Bancorp to earn $2.37 per share next year, which means the company should continue to be able to cover its $0.
72 annual dividend with an expected future payout ratio of 30.4%. Berkshire Hills Bancorp Stock Performance Shares of BHLB stock traded up $0.
04 during trading hours on Wednesday, reaching $27.28. The company had a trading volume of 295,221 shares, compared to its average volume of 254,158.
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.
01. The business has a fifty day moving average price of $26.43 and a 200-day moving average price of $23.
57. Berkshire Hills Bancorp has a one year low of $18.31 and a one year high of $28.
51. The firm has a market cap of $1.18 billion, a PE ratio of 54.
48 and a beta of 0.86. Analysts Set New Price Targets A number of research analysts have weighed in on BHLB shares.
Janney Montgomery Scott downgraded Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Monday, July 22nd.
Hovde Group upped their price target on shares of Berkshire Hills Bancorp from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, July 19th.
Finally, StockNews.com raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.
According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.80. Read Our Latest Stock Analysis on Berkshire Hills Bancorp About Berkshire Hills Bancorp ( Get Free Report ) Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States.
The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. Read More Receive News & Ratings for Berkshire Hills Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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