2 days Ago By ABMN Staff
Several analysts have recently updated their ratings and price targets for Berkshire Hills Bancorp (NYSE: BHLB): Berkshire Hills Bancorp Stock Performance Berkshire Hills Bancorp stock opened at $28.43 on Thursday. Berkshire Hills Bancorp, Inc.
has a 52-week low of $20.50 and a 52-week high of $32.36.
The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.
98. The stock has a fifty day moving average price of $29.51 and a two-hundred day moving average price of $27.
08. The firm has a market capitalization of $1.22 billion, a P/E ratio of 29.
93 and a beta of 0.88. Berkshire Hills Bancorp ( NYSE:BHLB – Get Free Report ) last issued its quarterly earnings results on Thursday, October 24th.
The savings and loans company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.
03. Berkshire Hills Bancorp had a net margin of 5.86% and a return on equity of 8.
68%. The business had revenue of $125.70 million during the quarter, compared to analyst estimates of $119.
61 million. During the same quarter last year, the business posted $0.50 earnings per share.
Berkshire Hills Bancorp’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Berkshire Hills Bancorp, Inc.
will post 2.16 EPS for the current fiscal year. Berkshire Hills Bancorp Announces Dividend Institutional Trading of Berkshire Hills Bancorp A number of hedge funds and other institutional investors have recently made changes to their positions in the business.
Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Berkshire Hills Bancorp during the 3rd quarter worth approximately $34,000.
nVerses Capital LLC increased its holdings in shares of Berkshire Hills Bancorp by 233.3% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company’s stock valued at $54,000 after purchasing an additional 1,400 shares during the last quarter.
Meeder Asset Management Inc. bought a new position in shares of Berkshire Hills Bancorp in the second quarter valued at about $104,000. Northwestern Mutual Wealth Management Co.
raised its position in shares of Berkshire Hills Bancorp by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co.
now owns 5,879 shares of the savings and loans company’s stock valued at $134,000 after purchasing an additional 2,169 shares during the period. Finally, Joel Isaacson & Co. LLC acquired a new stake in shares of Berkshire Hills Bancorp during the 3rd quarter worth about $211,000.
83.07% of the stock is currently owned by institutional investors and hedge funds. 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. See Also Receive News & Ratings for Berkshire Hills Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter .
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