Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.00.
Several research firms have recently weighed in on BHLB. Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $42.00 price target on shares of Berkshire Hills Bancorp in a report on Wednesday, May 3rd. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, FIG Partners raised shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 23rd.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in Berkshire Hills Bancorp during the first quarter valued at about $101,000. New York State Teachers Retirement System raised its stake in Berkshire Hills Bancorp by 7.4% in the first quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock valued at $105,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Berkshire Hills Bancorp during the first quarter valued at about $109,000. TFS Capital LLC raised its stake in Berkshire Hills Bancorp by 11.5% in the first quarter. TFS Capital LLC now owns 7,714 shares of the savings and loans company’s stock valued at $278,000 after buying an additional 797 shares during the last quarter. Finally, Bogle Investment Management L P DE acquired a new stake in Berkshire Hills Bancorp during the first quarter valued at about $284,000. Institutional investors own 63.90% of the company’s stock.
Berkshire Hills Bancorp (NYSE:BHLB) traded down 0.14% during trading on Friday, reaching $35.70. The company’s stock had a trading volume of 97,103 shares. Berkshire Hills Bancorp has a 12 month low of $25.90 and a 12 month high of $38.65. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 19.83 and a beta of 0.62. The stock’s 50 day moving average is $35.96 and its 200 day moving average is $35.78.
Berkshire Hills Bancorp (NYSE:BHLB) last issued its earnings results on Monday, April 24th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Berkshire Hills Bancorp had a net margin of 15.39% and a return on equity of 7.05%. The business had revenue of $101.64 million for the quarter, compared to analysts’ expectations of $95.90 million. On average, equities analysts expect that Berkshire Hills Bancorp will post $2.25 EPS for the current fiscal year.
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.
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.