Analysts Set Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Price Target at $25.00

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has been assigned an average rating of “Hold” from the four brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.00.

Separately, StockNews.com upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 10th.

Berkshire Hills Bancorp Trading Up 1.7 %

NYSE BHLB opened at $21.79 on Monday. Berkshire Hills Bancorp has a twelve month low of $18.31 and a twelve month high of $25.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $943.29 million, a price-to-earnings ratio of 43.58 and a beta of 0.89. The firm’s 50 day moving average price is $22.05 and its two-hundred day moving average price is $22.68.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its earnings results on Thursday, April 18th. The savings and loans company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $169.32 million during the quarter, compared to analyst estimates of $107.89 million. Berkshire Hills Bancorp had a net margin of 3.40% and a return on equity of 8.77%. During the same quarter last year, the business posted $0.63 EPS. Equities analysts anticipate that Berkshire Hills Bancorp will post 2.06 EPS for the current year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.30%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 144.00%.

Institutional Investors Weigh In On Berkshire Hills Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Berkshire Hills Bancorp by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,988 shares of the savings and loans company’s stock valued at $734,000 after buying an additional 1,753 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Berkshire Hills Bancorp by 4.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,819 shares of the savings and loans company’s stock valued at $1,142,000 after buying an additional 2,278 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Berkshire Hills Bancorp in the 1st quarter valued at $146,000. State Board of Administration of Florida Retirement System increased its stake in shares of Berkshire Hills Bancorp by 52.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,209 shares of the savings and loans company’s stock valued at $481,000 after buying an additional 6,620 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Berkshire Hills Bancorp by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 8,752 shares of the savings and loans company’s stock valued at $201,000 after buying an additional 601 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

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.