Brokers Set Expectations for Berkshire Hills Bancorp, Inc.’s Q4 2024 Earnings (NYSE:BHLB)

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Equities researchers at Seaport Res Ptn dropped their Q4 2024 EPS estimates for shares of Berkshire Hills Bancorp in a note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst L. Hunsicker now forecasts that the savings and loans company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.55. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Berkshire Hills Bancorp’s current full-year earnings is $2.05 per share. Seaport Res Ptn also issued estimates for Berkshire Hills Bancorp’s Q1 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.59 EPS and Q4 2025 earnings at $0.61 EPS.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler raised shares of Berkshire Hills Bancorp from an “underweight” rating to a “neutral” rating and set a $24.00 target price on the stock in a report on Wednesday, January 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective on shares of Berkshire Hills Bancorp in a report on Friday, January 26th. StockNews.com cut Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Berkshire Hills Bancorp from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Berkshire Hills Bancorp presently has an average rating of “Hold” and an average target price of $25.00.

Berkshire Hills Bancorp Trading Up 0.3 %

BHLB opened at $22.36 on Thursday. Berkshire Hills Bancorp has a fifty-two week low of $18.07 and a fifty-two week high of $25.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $971.86 million, a price-to-earnings ratio of 44.72 and a beta of 0.87. The company’s 50 day moving average price is $21.85 and its two-hundred day moving average price is $22.31.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its earnings results on Thursday, April 18th. The savings and loans company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Berkshire Hills Bancorp had a net margin of 3.40% and a return on equity of 8.77%. The firm had revenue of $169.32 million for the quarter, compared to analyst estimates of $107.89 million. During the same period in the previous year, the firm posted $0.63 EPS.

Berkshire Hills Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, March 20th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is currently 144.00%.

Insider Buying and Selling

In related news, Director Baye Adofo-Wilson sold 10,074 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $22.19, for a total value of $223,542.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Berkshire Hills Bancorp news, Director Michael Zaitzeff sold 20,718 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $22.73, for a total value of $470,920.14. Following the completion of the transaction, the director now owns 156,209 shares in the company, valued at approximately $3,550,630.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Baye Adofo-Wilson sold 10,074 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $22.19, for a total value of $223,542.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,850 shares of company stock valued at $3,437,063. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BHLB. Raymond James & Associates boosted its position in shares of Berkshire Hills Bancorp by 3.1% during the 4th quarter. Raymond James & Associates now owns 17,843 shares of the savings and loans company’s stock valued at $443,000 after acquiring an additional 541 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Berkshire Hills Bancorp by 2.8% during the 3rd quarter. Yousif Capital Management LLC now owns 21,754 shares of the savings and loans company’s stock valued at $436,000 after acquiring an additional 600 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Berkshire Hills Bancorp by 8.0% during the 4th quarter. Private Advisor Group LLC now owns 10,884 shares of the savings and loans company’s stock valued at $270,000 after acquiring an additional 806 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Berkshire Hills Bancorp by 0.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 122,812 shares of the savings and loans company’s stock valued at $2,815,000 after acquiring an additional 876 shares during the last quarter. Finally, Berkshire Bank boosted its position in shares of Berkshire Hills Bancorp by 15.5% during the 3rd quarter. Berkshire Bank now owns 12,584 shares of the savings and loans company’s stock valued at $252,000 after acquiring an additional 1,691 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Berkshire Hills Bancorp Company Profile

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.