Berkshire Hills Bancorp (BHLB) Expected to Announce Quarterly Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB) is expected to announce its earnings results before the market opens on Thursday, April 24th. Analysts expect Berkshire Hills Bancorp to announce earnings of $0.54 per share and revenue of $109.71 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. On average, analysts expect Berkshire Hills Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Berkshire Hills Bancorp Price Performance

Shares of NYSE BHLB opened at $23.47 on Thursday. The stock’s 50-day simple moving average is $26.47 and its two-hundred day simple moving average is $27.97. Berkshire Hills Bancorp has a twelve month low of $20.50 and a twelve month high of $32.36. The firm has a market capitalization of $1.09 billion, a P/E ratio of 16.30 and a beta of 0.58. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.72 annualized dividend and a yield of 3.07%. Berkshire Hills Bancorp’s payout ratio is presently 50.00%.

Insider Buying and Selling

In other news, EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total transaction of $31,528.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a “market perform” rating in a research report on Tuesday, December 24th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.13.

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.