Analysts expect Berkshire Hills Bancorp, Inc. (NYSE:BHLB) to post $115.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Berkshire Hills Bancorp’s earnings, with the highest sales estimate coming in at $117.20 million and the lowest estimate coming in at $113.80 million. Berkshire Hills Bancorp reported sales of $75.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 52.2%. The company is expected to issue its next earnings results after the market closes on Thursday, January 25th.

On average, analysts expect that Berkshire Hills Bancorp will report full-year sales of $115.50 million for the current year, with estimates ranging from $420.40 million to $423.90 million. For the next fiscal year, analysts anticipate that the firm will post sales of $501.55 million per share, with estimates ranging from $501.00 million to $502.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Berkshire Hills Bancorp.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm 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 6.93%.

BHLB has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $42.50 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday. BidaskClub raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.30.

In related news, insider Michael D. Carroll sold 2,000 shares of Berkshire Hills Bancorp stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $38.50, for a total transaction of $77,000.00. Following the sale, the insider now directly owns 7,255 shares in the company, valued at $279,317.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $39.30, for a total transaction of $292,981.50. Following the sale, the director now owns 67,747 shares in the company, valued at $2,662,457.10. The disclosure for this sale can be found here. Insiders own 2.82% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in shares of Berkshire Hills Bancorp by 140.3% during the third quarter. GSA Capital Partners LLP now owns 55,483 shares of the savings and loans company’s stock valued at $2,150,000 after purchasing an additional 32,394 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Berkshire Hills Bancorp by 1.9% during the third quarter. California Public Employees Retirement System now owns 112,776 shares of the savings and loans company’s stock valued at $4,370,000 after purchasing an additional 2,076 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Berkshire Hills Bancorp by 47.7% during the third quarter. Cubist Systematic Strategies LLC now owns 10,659 shares of the savings and loans company’s stock valued at $413,000 after purchasing an additional 3,441 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Berkshire Hills Bancorp during the third quarter valued at about $294,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Berkshire Hills Bancorp by 19.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 122,824 shares of the savings and loans company’s stock valued at $4,758,000 after purchasing an additional 19,800 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

Berkshire Hills Bancorp (BHLB) opened at $38.30 on Friday. The company has a market cap of $1,731.47, a price-to-earnings ratio of 16.78 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. Berkshire Hills Bancorp has a 1-year low of $32.85 and a 1-year high of $40.00.

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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.

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