Seaport Res Ptn Analysts Lower Earnings Estimates for BHLB

Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) - Research analysts at Seaport Res Ptn dropped their Q1 2025 earnings estimates for shares of Berkshire Hills Bancorp in a report issued on Monday, December 16th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the savings and loans company will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.54. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Berkshire Hills Bancorp's current full-year earnings is $2.16 per share. Seaport Res Ptn also issued estimates for Berkshire Hills Bancorp's Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.48 EPS.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. Berkshire Hills Bancorp had a return on equity of 8.68% and a net margin of 5.86%. The firm had revenue of $125.70 million for the quarter, compared to the consensus estimate of $119.61 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year.

BHLB has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted their price objective on Berkshire Hills Bancorp from $29.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Royal Bank of Canada lowered their price target on shares of Berkshire Hills Bancorp from $32.00 to $31.00 and set a "sector perform" rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Berkshire Hills Bancorp presently has an average rating of "Hold" and an average target price of $29.20.

Berkshire Hills Bancorp Stock Performance

NYSE BHLB opened at $29.13 on Wednesday. The company has a market cap of $1.25 billion, a P/E ratio of 30.66 and a beta of 0.88. Berkshire Hills Bancorp has a 1-year low of $20.50 and a 1-year high of $32.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50-day moving average of $29.23 and a two-hundred day moving average of $26.52.

Hedge Funds Weigh In On Berkshire Hills Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Berkshire Hills Bancorp by 21.4% during the third 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 last quarter. Renaissance Technologies LLC boosted its position in shares of Berkshire Hills Bancorp by 60.4% in the 2nd quarter. Renaissance Technologies LLC now owns 422,621 shares of the savings and loans company's stock valued at $9,636,000 after purchasing an additional 159,200 shares during the period. Systematic Financial Management LP grew its stake 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 worth $25,654,000 after buying an additional 114,433 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Berkshire Hills Bancorp by 126.0% in the second quarter. Millennium Management LLC now owns 183,616 shares of the savings and loans company's stock valued at $4,186,000 after acquiring an additional 102,384 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Berkshire Hills Bancorp by 28.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 340,694 shares of the savings and loans company's stock worth $9,175,000 after acquiring an additional 75,476 shares during the last quarter. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, November 14th. Berkshire Hills Bancorp's payout ratio is 75.79%.

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.