Berkshire Hills Bancorp (BHLB) to Release Quarterly Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $103.12 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Berkshire Hills Bancorp Stock Up 0.5 %

Shares of BHLB stock opened at $28.80 on Wednesday. Berkshire Hills Bancorp has a one year low of $20.50 and a one year high of $32.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $29.16 and a 200 day moving average price of $27.90. The stock has a market cap of $1.24 billion, a P/E ratio of 30.31 and a beta of 0.89.

Berkshire Hills Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, November 14th. Berkshire Hills Bancorp’s dividend payout ratio is 75.79%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BHLB. Seaport Res Ptn upgraded Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upped their target price on shares of 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. Piper Sandler raised shares of Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada cut their price objective on Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.