Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06, Zacks reports. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%.
Berkshire Hills Bancorp Stock Down 1.5 %
Berkshire Hills Bancorp stock traded down $0.45 during mid-day trading on Monday, reaching $28.96. 288,263 shares of the company were exchanged, compared to its average volume of 404,897. Berkshire Hills Bancorp has a 12-month low of $20.50 and a 12-month high of $32.36. The business has a fifty day moving average of $29.06 and a 200 day moving average of $27.96. The firm has a market cap of $1.24 billion, a P/E ratio of 20.11 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Piper Sandler raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Seaport Res Ptn upgraded shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised their price target on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a research note on Tuesday, December 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $31.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.13.
Check Out Our Latest Stock Report on Berkshire Hills Bancorp
Berkshire Hills Bancorp Company Profile
(
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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.
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