Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $37.00.

Several brokerages have recently weighed in on BHLB. Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, April 11th. Jefferies Group LLC restated a “hold” rating and set a $38.00 price objective on shares of Berkshire Hills Bancorp in a research report on Tuesday, April 4th. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 23rd.

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Shares of Berkshire Hills Bancorp (NYSE BHLB) traded up 0.27% on Monday, reaching $37.15. 22,026 shares of the company’s stock were exchanged. Berkshire Hills Bancorp has a one year low of $24.80 and a one year high of $38.65. The firm has a market capitalization of $1.31 billion, a P/E ratio of 20.64 and a beta of 0.60. The firm has a 50 day moving average of $36.61 and a 200 day moving average of $35.79.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Monday, April 24th. The savings and loans company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $101.64 million during the quarter, compared to the consensus estimate of $95.90 million. Berkshire Hills Bancorp had a net margin of 15.21% and a return on equity of 5.66%. On average, equities research analysts predict that Berkshire Hills Bancorp will post $2.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. Berkshire Hills Bancorp’s payout ratio is 46.41%.

Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Berkshire Hills Bancorp by 0.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 51,500 shares of the savings and loans company’s stock worth $1,857,000 after buying an additional 200 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Berkshire Hills Bancorp by 7.4% in the first quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock worth $105,000 after buying an additional 200 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Berkshire Hills Bancorp by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 52,397 shares of the savings and loans company’s stock worth $1,889,000 after buying an additional 279 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Berkshire Hills Bancorp by 1.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,135 shares of the savings and loans company’s stock worth $816,000 after buying an additional 329 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Berkshire Hills Bancorp by 1.6% in the first quarter. Alliancebernstein L.P. now owns 44,345 shares of the savings and loans company’s stock worth $1,599,000 after buying an additional 700 shares during the last quarter. 63.90% of the stock is currently owned by institutional investors and hedge funds.

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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