Berkshire Hills Bancorp, Inc. (NYSE:BHLB)‘s stock had its “buy” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They currently have a $41.00 target price on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.46% from the stock’s previous close.

Several other research analysts also recently commented on BHLB. BidaskClub downgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Piper Jaffray Companies raised 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 research report on Thursday, September 7th. FIG Partners reissued an “outperform” rating and set a $41.00 price target on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a report on Friday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Berkshire Hills Bancorp presently has an average rating of “Buy” and a consensus target price of $38.08.

Berkshire Hills Bancorp (NYSE BHLB) traded down 0.76% on Tuesday, reaching $39.25. 355,010 shares of the company’s stock traded hands. The firm’s 50-day moving average is $34.89 and its 200 day moving average is $35.64. Berkshire Hills Bancorp has a 12 month low of $27.25 and a 12 month high of $39.75. The firm has a market cap of $1.57 billion, a PE ratio of 21.67 and a beta of 0.67.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.03%. The firm had revenue of $102.34 million during the quarter, compared to the consensus estimate of $102.75 million. Equities analysts predict that Berkshire Hills Bancorp will post $2.26 EPS for the current year.

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In other news, insider Michael P. Daly sold 25,000 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $33.78, for a total transaction of $844,500.00. Following the sale, the insider now owns 103,670 shares of the company’s stock, valued at approximately $3,501,972.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Murphy bought 1,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $34.25 per share, for a total transaction of $34,250.00. Following the purchase, the director now directly owns 9,668 shares in the company, valued at approximately $331,129. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in Berkshire Hills Bancorp in the second quarter worth about $941,000. Koch Industries Inc. purchased a new stake in Berkshire Hills Bancorp in the second quarter worth about $288,000. Verition Fund Management LLC purchased a new stake in Berkshire Hills Bancorp in the second quarter worth about $467,000. Ameritas Investment Partners Inc. lifted its holdings in Berkshire Hills Bancorp by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after buying an additional 318 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in Berkshire Hills Bancorp by 110.8% in the second quarter. Susquehanna International Group LLP now owns 72,059 shares of the savings and loans company’s stock worth $2,533,000 after buying an additional 37,879 shares during the period. Institutional investors own 74.09% of the company’s stock.

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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