Media headlines about Berkshire Hills Bancorp (NYSE:BHLB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, 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 assigned headlines about the savings and loans company an impact score of 45.6111122044121 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have issued reports on BHLB. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.50 target price on shares of Berkshire Hills Bancorp in a research note on Sunday, October 22nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price target on shares of Berkshire Hills Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Jefferies Group reiterated a “hold” rating and set a $40.00 price target on shares of Berkshire Hills Bancorp in a report on Wednesday, October 11th. Finally, BidaskClub upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Berkshire Hills Bancorp has a consensus rating of “Buy” and a consensus price target of $40.50.
Berkshire Hills Bancorp (NYSE:BHLB) traded up $0.20 during mid-day trading on Tuesday, reaching $36.80. The company’s stock had a trading volume of 269,499 shares, compared to its average volume of 224,550. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. Berkshire Hills Bancorp has a 52 week low of $32.85 and a 52 week high of $40.00. The firm has a market cap of $1,656.78, a price-to-earnings ratio of 19.79 and a beta of 0.69.
Berkshire Hills Bancorp (NYSE:BHLB) last issued its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, topping the 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 business had revenue of $100.83 million for the quarter, compared to analyst estimates of $107.60 million. equities analysts anticipate that Berkshire Hills Bancorp will post 2.29 earnings per share for the current fiscal year.
In other Berkshire Hills Bancorp news, insider Michael D. Carroll sold 2,000 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.50, for a total value of $77,000.00. Following the transaction, the insider now directly owns 7,255 shares in the company, valued at approximately $279,317.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Ryan bought 3,000 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average price of $37.87 per share, for a total transaction of $113,610.00. The disclosure for this purchase can be found here. Insiders own 1.71% 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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