Berkshire Hills Bancorp (NYSE:BHLB) Upgraded at Seaport Res Ptn

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) was upgraded by analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports. Seaport Res Ptn also issued estimates for Berkshire Hills Bancorp's Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.48 EPS.

Several other equities research analysts have also issued reports on BHLB. Keefe, Bruyette & Woods raised their price objective on Berkshire Hills Bancorp from $29.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada decreased their price target on Berkshire Hills Bancorp from $32.00 to $31.00 and set a "sector perform" rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Berkshire Hills Bancorp has an average rating of "Hold" and a consensus target price of $29.20.

Berkshire Hills Bancorp Trading Down 2.5 %

Shares of BHLB opened at $29.13 on Monday. The stock has a market capitalization of $1.25 billion, a PE ratio of 30.66 and a beta of 0.88. The company's fifty day moving average is $29.23 and its 200 day moving average is $26.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. Berkshire Hills Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.03. The firm had revenue of $125.70 million for the quarter, compared to the consensus estimate of $119.61 million. Berkshire Hills Bancorp had a net margin of 5.86% and a return on equity of 8.68%. The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. Sell-side analysts expect that Berkshire Hills Bancorp will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of Berkshire Hills Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BHLB. Barclays PLC increased its position in shares of Berkshire Hills Bancorp by 105.0% during the third quarter. Barclays PLC now owns 96,380 shares of the savings and loans company's stock worth $2,595,000 after acquiring an additional 49,356 shares during the period. Jane Street Group LLC grew its stake in Berkshire Hills Bancorp by 6.7% in the third quarter. Jane Street Group LLC now owns 36,058 shares of the savings and loans company's stock worth $971,000 after purchasing an additional 2,268 shares in the last quarter. Wellington Management Group LLP increased its holdings in Berkshire Hills Bancorp by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,664,138 shares of the savings and loans company's stock worth $44,815,000 after purchasing an additional 293,784 shares during the period. State Street Corp increased its holdings in Berkshire Hills Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 2,119,475 shares of the savings and loans company's stock worth $57,455,000 after purchasing an additional 18,307 shares during the period. Finally, Systematic Financial Management LP raised its position in Berkshire Hills Bancorp by 13.7% during the 3rd quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company's stock valued at $25,654,000 after purchasing an additional 114,433 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

Berkshire Hills Bancorp Company Profile

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.