Berkshire Hills Bancorp (BHLB) Expected to Announce Quarterly Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) is projected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $109.71 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. On average, analysts expect Berkshire Hills Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE:BHLB traded up $0.13 during trading on Friday, reaching $23.60. The company had a trading volume of 364,521 shares, compared to its average volume of 356,857. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.39 and a beta of 0.58. Berkshire Hills Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $32.36. The stock's fifty day moving average price is $26.35 and its 200 day moving average price is $27.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Berkshire Hills Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, February 20th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is currently 50.00%.

Insider Transactions at Berkshire Hills Bancorp

In other news, EVP Ellen Tulchiner sold 1,052 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total transaction of $31,528.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a report on Tuesday, December 24th. Royal Bank of Canada restated a "sector perform" rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

About Berkshire Hills Bancorp

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.