Research Analysts Set Expectations for Berkshire Hills Bancorp, Inc.’s Q1 2018 Earnings (BHLB)

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Berkshire Hills Bancorp in a report issued on Tuesday. Jefferies Group analyst C. Haire expects that the savings and loans company will post earnings of $0.64 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Berkshire Hills Bancorp’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.75 EPS and Q4 2018 earnings at $0.71 EPS.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The business had revenue of $100.83 million for the quarter, compared to analysts’ expectations of $107.60 million.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $42.50 target price on shares of Berkshire Hills Bancorp in a research note on Tuesday. BidaskClub lowered Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 target price on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $41.30.

Shares of Berkshire Hills Bancorp (NYSE BHLB) traded up $0.70 during trading on Friday, reaching $38.25. The company had a trading volume of 274,700 shares, compared to its average volume of 236,113. Berkshire Hills Bancorp has a fifty-two week low of $32.85 and a fifty-two week high of $40.00. The company has a market cap of $1,720.00, a PE ratio of 20.68 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33.

In related news, insider Michael D. Carroll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.50, for a total transaction of $77,000.00. Following the completion of the transaction, the insider now owns 7,255 shares in the company, valued at $279,317.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William J. Ryan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $37.87 per share, with a total value of $113,610.00. The disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BHLB. Ameritas Investment Partners Inc. grew its stake in shares of Berkshire Hills Bancorp by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 318 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Berkshire Hills Bancorp in the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Berkshire Hills Bancorp by 263.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 2,500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Berkshire Hills Bancorp by 129.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock valued at $154,000 after buying an additional 2,471 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Berkshire Hills Bancorp by 4.3% in the second quarter. Royal Bank of Canada now owns 5,155 shares of the savings and loans company’s stock worth $182,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

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Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

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