Several brokerages have updated their recommendations and price targets on shares of Berkshire Hills Bancorp (NYSE: BHLB) in the last few weeks:

  • 7/11/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/10/2017 – Berkshire Hills Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 6/27/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 6/24/2017 – Berkshire Hills Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/14/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/23/2017 – Berkshire Hills Bancorp was upgraded by analysts at FIG Partners from a “market perform” rating to an “outperform” rating.
  • 5/15/2017 – Berkshire Hills Bancorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $38.00 price target on the stock.

Berkshire Hills Bancorp, Inc. (BHLB) traded down 0.209% on Tuesday, hitting $35.875. The company’s stock had a trading volume of 80,332 shares. Berkshire Hills Bancorp, Inc. has a 1-year low of $25.90 and a 1-year high of $38.65. The company has a market capitalization of $1.27 billion, a P/E ratio of 19.931 and a beta of 0.62. The company has a 50 day moving average price of $35.96 and a 200-day moving average price of $35.78.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Monday, April 24th. The savings and loans company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Berkshire Hills Bancorp had a net margin of 15.39% and a return on equity of 7.05%. The business had revenue of $101.64 million for the quarter, compared to analyst estimates of $95.90 million. On average, equities analysts forecast that Berkshire Hills Bancorp, Inc. will post $2.27 earnings per share for the current fiscal year.

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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