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

  • 10/22/2017 – Berkshire Hills Bancorp had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $39.50 price target on the stock.
  • 10/11/2017 – Berkshire Hills Bancorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.
  • 10/10/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 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. “
  • 10/3/2017 – Berkshire Hills Bancorp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $41.00 price target on the stock.
  • 9/30/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/26/2017 – 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. “
  • 9/25/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 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. “
  • 9/20/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/20/2017 – Berkshire Hills Bancorp had its “outperform” rating reaffirmed by analysts at FIG Partners. They now have a $41.00 price target on the stock.
  • 9/19/2017 – 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. “
  • 9/18/2017 – 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. “
  • 9/15/2017 – 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.
  • 9/13/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/12/2017 – 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. “
  • 9/11/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 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. “
  • 9/7/2017 – Berkshire Hills Bancorp was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $39.50 price target on the stock.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) traded up 0.38% during mid-day trading on Tuesday, hitting $39.30. The company had a trading volume of 171,405 shares. Berkshire Hills Bancorp, Inc. has a 52-week low of $28.90 and a 52-week high of $40.00. The firm has a market cap of $1.57 billion, a P/E ratio of 21.70 and a beta of 0.67. The stock’s 50 day moving average price is $36.98 and its 200 day moving average price is $36.02.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $100.83 million during the quarter, compared to the consensus estimate of $107.60 million. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 7.13%. On average, equities research analysts predict that Berkshire Hills Bancorp, Inc. will post $2.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.15%. Berkshire Hills Bancorp’s dividend payout ratio is presently 45.16%.

In other news, Director Richard L. Murphy bought 1,000 shares of Berkshire Hills Bancorp stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $34.25 per share, for a total transaction of $34,250.00. Following the completion of the acquisition, the director now owns 9,668 shares of the company’s stock, valued at approximately $331,129. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard M. Marotta sold 9,500 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was 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 $950,386.36. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

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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