News stories about Berkshire Hills Bancorp (NYSE:BHLB) have been trending positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the savings and loans company an impact score of 45.8569871485955 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Berkshire Hills Bancorp (BHLB) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- Why Berkshire Hills Bancorp Inc’s (NYSE:BHLB) ROE Of 3.69% Does Not Tell The Whole Story (finance.yahoo.com)
- Head to Head Analysis: New York Community Bank (NYCB) versus Berkshire Hills Bancorp (BHLB) (americanbankingnews.com)
- Berkshire Hills Bancorp, Inc. (BHLB) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Berkshire Hills Bancorp (BHLB) Downgraded by BidaskClub (americanbankingnews.com)
Shares of BHLB opened at $37.95 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1,726.31, a price-to-earnings ratio of 16.57 and a beta of 0.65. Berkshire Hills Bancorp has a 12-month low of $32.85 and a 12-month high of $40.10.
Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $115.66 million during the quarter, compared to analysts’ expectations of $115.50 million. Berkshire Hills Bancorp had a net margin of 11.37% and a return on equity of 7.09%. research analysts anticipate that Berkshire Hills Bancorp will post 2.72 earnings per share for the current year.
BHLB has been the topic of a number of research analyst reports. Piper Jaffray reissued a “buy” rating and set a $42.50 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, January 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Berkshire Hills Bancorp presently has an average rating of “Buy” and a consensus price target of $41.50.
In other news, Director Patrick J. Sheehan acquired 1,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $37.00 per share, with a total value of $37,000.00. Following the completion of the transaction, the director now directly owns 1,168 shares in the company, valued at approximately $43,216. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Sheehan acquired 8,938 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $37.11 per share, with a total value of $331,689.18. Following the transaction, the director now owns 1,168 shares of the company’s stock, valued at $43,344.48. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 10,938 shares of company stock valued at $405,689. 1.60% of the stock is currently owned by company insiders.
About Berkshire Hills Bancorp
Berkshire Hills Bancorp, Inc operates as a bank holding company, which engages in the provision of community banking services. The firm’s loan portfolio comprises of the following: commercial real estate; commercial and industrial; residential mortgage; and consumer. It also offers savings and checking accounts, deposits, lending, mortgages loans, insurance, and wealth management products.
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