Berkshire Hills Bancorp Stock Rating Upgraded by Sandler O’Neill (BHLB)
Berkshire Hills Bancorp (NASDAQ:BHLB) was upgraded by equities researchers at Sandler O’Neill to a “buy” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports.
Berkshire Hills Bancorp (NASDAQ:BHLB) traded down 1.16% on Tuesday, hitting $23.77. The stock had a trading volume of 113,914 shares. Berkshire Hills Bancorp has a 1-year low of $23.90 and a 1-year high of $29.38. The stock has a 50-day moving average of $25.55 and a 200-day moving average of $25.74. The company has a market cap of $587.2 million and a price-to-earnings ratio of 14.58.
Berkshire Hills Bancorp (NASDAQ:BHLB) last announced its earnings results on Monday, April 28th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.02. Analysts expect that Berkshire Hills Bancorp will post $1.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.99%.
Berkshire Hills Bancorp (NASDAQ:BHLB) is a holding company for the Berkshire Bank (the Bank) and Berkshire Insurance Group (BIG).
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