Berkshire Hills Bancorp, Inc. (BHLB) to Post FY2018 Earnings of $2.35 Per Share, Jefferies Group Forecasts
Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) – Analysts at Jefferies Group issued their FY2018 EPS estimates for shares of Berkshire Hills Bancorp in a research report issued on Friday. Jefferies Group analyst C. Haire expects that the brokerage will post earnings of $2.35 per share for the year. Jefferies Group currently has a “Hold” rating on the stock.
Several other research analysts have also weighed in on BHLB. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $33.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, June 29th. Finally, Compass Point lowered Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $29.00 to $24.00 in a research report on Tuesday, July 26th.
Berkshire Hills Bancorp (NASDAQ:BHLB) traded up 0.68% on Monday, hitting $28.00. The stock had a trading volume of 5,633 shares. The stock has a market capitalization of $857.08 million and a price-to-earnings ratio of 13.66. Berkshire Hills Bancorp has a 52 week low of $24.71 and a 52 week high of $30.69. The company has a 50-day moving average price of $27.50 and a 200-day moving average price of $27.09.
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Berkshire Hills Bancorp (NASDAQ:BHLB) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54.
Hedge funds have recently modified their holdings of the stock. Menta Capital LLC purchased a new stake in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $207,000. BlackRock Inc. increased its stake in shares of Berkshire Hills Bancorp by 286.2% in the second quarter. BlackRock Inc. now owns 8,326 shares of the company’s stock valued at $224,000 after buying an additional 6,170 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $237,000. Morningstar Investment Services LLC purchased a new stake in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $380,000. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $390,000.
About Berkshire Hills Bancorp
Berkshire Hills Bancorp, Inc (Berkshire) is the 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. Its product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.
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