Berkshire Hills Bancorp, Inc. (NYSE:BHLB)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $38.00 price target on the savings and loans company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 10.47% from the company’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 23rd. Finally, Piper Jaffray Companies upgraded shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 price target for the company in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.30.

Shares of Berkshire Hills Bancorp (NYSE BHLB) traded up 1.33% on Friday, hitting $34.40. The company’s stock had a trading volume of 673,441 shares. Berkshire Hills Bancorp has a one year low of $26.80 and a one year high of $38.65. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 19.00 and a beta of 0.65. The stock has a 50-day moving average price of $34.42 and a 200 day moving average price of $35.45.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $102.34 million during the quarter, compared to the consensus estimate of $102.75 million. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. Equities research analysts predict that Berkshire Hills Bancorp will post $2.29 EPS for the current year.

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In related news, EVP Richard M. Marotta sold 9,500 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $33.32, for a total transaction of $316,540.00. Following the completion of the transaction, the executive vice president now owns 28,523 shares of the company’s stock, valued at approximately $950,386.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael P. Daly sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $33.78, for a total transaction of $844,500.00. Following the transaction, the insider now directly owns 103,670 shares of the company’s stock, valued at approximately $3,501,972.60. The disclosure for this sale can be found here. 2.82% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Berkshire Hills Bancorp during the 1st quarter worth approximately $101,000. New York State Teachers Retirement System boosted its position in shares of Berkshire Hills Bancorp by 7.4% during the 1st quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock worth $105,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC purchased a new position in shares of Berkshire Hills Bancorp during the 1st quarter worth approximately $109,000. Quantbot Technologies LP purchased a new position in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $112,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Berkshire Hills Bancorp by 263.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock worth $121,000 after purchasing an additional 2,500 shares during the period. 74.11% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Berkshire Hills Bancorp (NYSE:BHLB)

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