Berkshire Hills Bancorp (BHLB) Set to Announce Quarterly Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB) will be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Berkshire Hills Bancorp to post earnings of $0.54 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its earnings results on Thursday, July 18th. The savings and loans company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $174.24 million for the quarter, compared to the consensus estimate of $108.46 million. Berkshire Hills Bancorp had a return on equity of 8.61% and a net margin of 3.37%. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts expect Berkshire Hills Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Berkshire Hills Bancorp Price Performance

Shares of BHLB opened at $28.27 on Thursday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 56.54 and a beta of 0.86. Berkshire Hills Bancorp has a fifty-two week low of $18.31 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $26.55 and its 200-day moving average is $24.23.

Berkshire Hills Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.55%. Berkshire Hills Bancorp’s dividend payout ratio is 144.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BHLB. Janney Montgomery Scott downgraded Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Monday, July 22nd. Hovde Group increased their price objective on Berkshire Hills Bancorp from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, StockNews.com upgraded Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.80.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts.