Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $40.38.

Several equities research analysts recently weighed in on the stock. FIG Partners reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, September 15th. BidaskClub cut shares of Berkshire Hills Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies raised shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 target price for the company in a report on Thursday, September 7th.

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Berkshire Hills Bancorp (NYSE:BHLB) remained flat at $$36.55 on Thursday. The stock had a trading volume of 165,700 shares, compared to its average volume of 212,516. Berkshire Hills Bancorp has a 12-month low of $31.70 and a 12-month high of $40.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market cap of $1,654.52, a P/E ratio of 16.03 and a beta of 0.69.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. The business had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. analysts expect that Berkshire Hills Bancorp will post 2.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is currently 45.16%.

In other news, insider Michael P. Daly sold 25,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $33.78, for a total value of $844,500.00. Following the completion of the transaction, the insider now owns 103,670 shares of the company’s stock, valued at $3,501,972.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.82% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in Berkshire Hills Bancorp by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 44,345 shares of the savings and loans company’s stock valued at $1,599,000 after buying an additional 700 shares during the last quarter. Teachers Advisors LLC raised its holdings in Berkshire Hills Bancorp by 2.2% in the 1st quarter. Teachers Advisors LLC now owns 68,352 shares of the savings and loans company’s stock valued at $2,464,000 after buying an additional 1,458 shares during the last quarter. Vanguard Group Inc. raised its holdings in Berkshire Hills Bancorp by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 2,584,068 shares of the savings and loans company’s stock valued at $93,155,000 after buying an additional 239,543 shares during the last quarter. Geode Capital Management LLC raised its holdings in Berkshire Hills Bancorp by 16.6% in the 1st quarter. Geode Capital Management LLC now owns 316,336 shares of the savings and loans company’s stock valued at $11,403,000 after buying an additional 44,976 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Berkshire Hills Bancorp by 7.4% in the 1st quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock valued at $105,000 after buying an additional 200 shares during the last quarter. 74.64% of the stock is owned by hedge funds and other institutional investors.

About Berkshire Hills Bancorp

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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