Berkshire Hills Bancorp (BHLB) to Release Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The savings and loans company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. Berkshire Hills Bancorp had a return on equity of 8.61% and a net margin of 3.37%. The firm had revenue of $174.24 million for the quarter, compared to the consensus estimate of $108.46 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, analysts expect Berkshire Hills Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE BHLB traded up $0.07 during midday trading on Thursday, hitting $28.34. 196,470 shares of the company's stock were exchanged, compared to its average volume of 256,681. Berkshire Hills Bancorp has a 12 month low of $18.31 and a 12 month high of $28.51. The company's 50 day moving average price is $26.62 and its 200 day moving average price is $24.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.23 billion, a PE ratio of 56.76 and a beta of 0.86.

Berkshire Hills Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, September 30th. Berkshire Hills Bancorp's dividend payout ratio is presently 144.00%.

Analyst Upgrades and Downgrades

BHLB has been the topic of a number of recent research reports. Janney Montgomery Scott lowered Berkshire Hills Bancorp from a "buy" rating to a "neutral" rating and set a $28.00 target price on the stock. in a research note on Monday, July 22nd. Hovde Group boosted their price target on Berkshire Hills Bancorp from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Friday, July 19th. Finally, StockNews.com upgraded shares of Berkshire Hills Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.80.

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.