Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) - Seaport Res Ptn upped their Q3 2025 earnings per share (EPS) estimates for shares of Berkshire Hills Bancorp in a research report issued to clients and investors on Monday, February 3rd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the savings and loans company will post earnings of $0.57 per share for the quarter, up from their previous forecast of $0.56. 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 $2.52 per share.
Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%.
A number of other brokerages have also recently commented on BHLB. Piper Sandler upgraded Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $31.00 price target on shares of Berkshire Hills Bancorp in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a research report on Tuesday, December 24th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.
Check Out Our Latest Stock Report on BHLB
Berkshire Hills Bancorp Stock Down 1.4 %
Berkshire Hills Bancorp stock traded down $0.41 during trading on Thursday, reaching $29.64. 116,717 shares of the company's stock were exchanged, compared to its average volume of 388,862. Berkshire Hills Bancorp has a 52-week low of $20.50 and a 52-week high of $32.36. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 20.58 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. The company's 50-day moving average is $28.96 and its two-hundred day moving average is $28.05.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Berkshire Hills Bancorp by 0.9% during the third 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 last quarter. Wellington Management Group LLP raised 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 period. Systematic Financial Management LP lifted its position in shares of Berkshire Hills Bancorp by 13.7% in 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. Charles Schwab Investment Management Inc. boosted its holdings in shares of Berkshire Hills Bancorp by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,307 shares of the savings and loans company's stock valued at $12,035,000 after buying an additional 15,383 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Berkshire Hills Bancorp by 28.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 340,694 shares of the savings and loans company's stock valued at $9,175,000 after buying an additional 75,476 shares during the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.
Berkshire Hills Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, February 20th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is currently 50.00%.
About Berkshire Hills Bancorp
(
Get Free Report)
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.
See Also
Before you consider Berkshire Hills Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Berkshire Hills Bancorp wasn't on the list.
While Berkshire Hills Bancorp currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
