Fiscal 2021 profit estimate for Berkshire Hills Bancorp, Inc. released by Seaport Res Ptn (NYSE: BHLB)
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) – Seaport Res Ptn stock analysts increased their FY2021 EPS estimates for Berkshire Hills Bancorp in a research report released to customers and investors on Thursday, September 30. Seaport Res Ptn analyst D. Bishop now expects the savings and loan company to earn $ 1.52 per share for the year, up from its previous forecast of $ 1. $ 51. Seaport Res Ptn currently has a âBuyâ rating on stock. Seaport Res Ptn also released estimates for Berkshire Hills Bancorp Q4 2021 earnings at $ 0.36 EPS, Q1 2022 earnings at $ 0.33 EPS, Q2 2022 earnings at $ 0.34 EPS, Q3 earnings 2022 at $ 0.38 EPS, Q4 2022 earnings at $ 0.39 EPS, and FY2022 earnings at $ 1.43 EPS.
Several other research companies have also weighed on BHLB. Piper Sandler downgraded Berkshire Hills Bancorp shares from an “overweight” rating to a “neutral” rating and set a price target of $ 31.00 for the company. in a research report on Wednesday August 11. The Royal Bank of Canada began hedging shares of Berkshire Hills Bancorp in a research report on Friday August 6. They set a âsector performanceâ rating and a price target of $ 29.00 for the company. Seaport Global Securities began hedging shares of Berkshire Hills Bancorp in a report on Tuesday, August 31. They set a “buy” rating and a price target of $ 30.00 for the stock. Ultimately, Zacks investment research downgraded Berkshire Hills Bancorp shares from a âsellâ rating to a âconservationâ rating in a report released Wednesday. Five analysts rated the stock with a conservation rating and two gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average âHoldâ rating and a consensus target price of $ 25.67.
BHLB opened for $ 26.98 on Friday. The company has a market cap of $ 1.32 billion, a P / E ratio of 19.13 and a beta of 1.23. The company has a 50-day moving average of $ 26.11 and a 200-day moving average of $ 25.62. The company has a leverage ratio of 0.27, a quick ratio of 0.90, and a current ratio of 0.90. Berkshire Hills Bancorp has a fifty-two week low of $ 9.80 and a fifty-two week high of $ 28.97. Berkshire Hills Bancorp (NYSE: BHLB) last released its quarterly results on Tuesday, July 20. The savings and loan company reported earnings per share of $ 0.43 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.29 of $ 0.14. The company posted revenue of $ 97.40 million in the quarter, compared to analysts’ estimates of $ 97.10 million. Berkshire Hills Bancorp had a net margin of 15.59% and a return on equity of 6.69%.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 9. Shareholders of record on Thursday August 26 received a dividend of $ 0.12. This represents a dividend of $ 0.48 on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, August 25. Berkshire Hills Bancorp’s payout ratio is 80.00%.
In addition, CEO Nitin J. Mhatre bought 1,420 shares in a transaction dated Monday, September 20. The shares were purchased at an average cost of $ 23.95 per share, for a total value of $ 34,009.00. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available at this link. In addition, director David Brunelle acquired 5,000 shares of the company in a transaction that took place on Monday, September 20. The stock was purchased at an average price of $ 23.79 per share, for a total transaction of $ 118,950.00. Following the closing of the transaction, the Director now owns 7,707 shares of the company, valued at approximately $ 183,349.53. Disclosure of this purchase can be found here. In the past three months, insiders bought 10,230 shares of the company valued at $ 246,828. Insiders own 0.90% of the shares of the company.
Several hedge funds have recently bought and sold shares of BHLB. First Trust Advisors LP increased its position in shares of Berkshire Hills Bancorp by 230.8% in the first quarter. First Trust Advisors LP now owns 44,275 shares of the savings and loan company valued at $ 1,206,000 after purchasing an additional 30,890 shares in the last quarter. Rhumbline Advisers increased his position in shares of Berkshire Hills Bancorp by 0.4% in the first quarter. Rhumbline Advisers now owns 162,736 shares of the savings and loan company valued at $ 3,632,000 after purchasing an additional 619 shares in the last quarter. The Swiss National Bank increased its position in shares of Berkshire Hills Bancorp by 2.1% in the first quarter. The Swiss National Bank now owns 104,600 shares of the savings and loan company valued at $ 2,335,000 after purchasing an additional 2,200 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Berkshire Hills Bancorp shares by 165.3% in the first quarter. BNP Paribas Arbitrage SA now owns 23,910 shares of the savings and loan company valued at $ 534,000 after purchasing an additional 14,898 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Berkshire Hills Bancorp by 0.3% in the first quarter. BlackRock Inc. now owns 7,532,759 shares of the savings and loan company valued at $ 168,131,000 after purchasing an additional 24,486 shares in the last quarter. Institutional investors hold 81.48% of the shares of the company.
Berkshire Hills Bancorp Company Profile
Berkshire Hills Bancorp, Inc operates as a banking holding company for Berkshire Bank and Berkshire Insurance Group, Inc. It aims to expand and deepen market share and portfolio share through organic growth and acquisition strategies .
See also: Explanation of stock symbols and CUSIP
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Should You Invest $ 1,000 In Berkshire Hills Bancorp Now?
Before you consider Berkshire Hills Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold ofâ¦ and Berkshire Hills Bancorp was not on the list.
Although Berkshire Hills Bancorp currently has a âHoldâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here