Berkshire Hills Bancorp (BHLB) to Release Quarterly Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Berkshire Hills Bancorp to post earnings of $0.54 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Berkshire Hills Bancorp Trading Down 2.7 %

Shares of BHLB opened at $27.27 on Tuesday. The stock has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $24.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.01. Berkshire Hills Bancorp has a 52-week low of $18.31 and a 52-week high of $28.51. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 54.54 and a beta of 0.86.

Berkshire Hills Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.72 annualized dividend and a yield of 2.64%. Berkshire Hills Bancorp’s payout ratio is 144.00%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com upgraded Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott cut Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Monday, July 22nd. Finally, Hovde Group lifted their target price 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.80.

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.