Seaport Res Ptn Issues Negative Estimate for BHLB Earnings

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Equities research analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for Berkshire Hills Bancorp in a note issued to investors on Monday, December 16th. Seaport Res Ptn analyst L. Hunsicker now forecasts that the savings and loans company will earn $0.53 per share for the quarter, down from their previous estimate of $0.54. Seaport Res Ptn 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.

A number of other analysts have also recently issued reports on BHLB. Royal Bank of Canada cut their price objective on Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on Berkshire Hills Bancorp from $29.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.20.

Berkshire Hills Bancorp Stock Down 1.1 %

Shares of BHLB stock opened at $27.80 on Wednesday. Berkshire Hills Bancorp has a 52-week low of $20.50 and a 52-week high of $32.36. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.88. The firm’s 50-day moving average is $29.33 and its 200-day moving average is $26.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98.

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

Institutional Investors Weigh In On Berkshire Hills Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BHLB. Systematic Financial Management LP boosted its stake 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 valued at $25,654,000 after purchasing an additional 114,433 shares during the last quarter. State Street Corp boosted its position 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 valued at $57,455,000 after acquiring an additional 18,307 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Berkshire Hills Bancorp by 60.4% during the 2nd quarter. Renaissance Technologies LLC now owns 422,621 shares of the savings and loans company’s stock worth $9,636,000 after acquiring an additional 159,200 shares during the period. SG Americas Securities LLC bought a new position in shares of Berkshire Hills Bancorp in the 3rd quarter worth about $623,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Berkshire Hills Bancorp by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,879 shares of the savings and loans company’s stock worth $134,000 after acquiring an additional 2,169 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.59%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 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.