What is Seaport Res Ptn’s Estimate for BHLB Q1 Earnings?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Research analysts at Seaport Res Ptn lowered their Q1 2025 earnings estimates for shares of Berkshire Hills Bancorp in a report released on Monday, December 16th. Seaport Res Ptn analyst L. Hunsicker now forecasts that the savings and loans company will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.54. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Berkshire Hills Bancorp’s current full-year earnings is $2.16 per share. Seaport Res Ptn also issued estimates for Berkshire Hills Bancorp’s Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.48 EPS.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of Berkshire Hills Bancorp from $29.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Berkshire Hills Bancorp has a consensus rating of “Hold” and a consensus target price of $29.20.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE:BHLB opened at $28.12 on Wednesday. The business’s 50-day simple moving average is $29.29 and its 200 day simple moving average is $26.57. The company has a market cap of $1.21 billion, a P/E ratio of 29.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. Berkshire Hills Bancorp has a one year low of $20.50 and a one year high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. Berkshire Hills Bancorp had a return on equity of 8.68% and a net margin of 5.86%. The company had revenue of $125.70 million for the quarter, compared to analyst estimates of $119.61 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year.

Institutional Investors Weigh In On Berkshire Hills Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of BHLB. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Berkshire Hills Bancorp in the 3rd quarter valued at approximately $34,000. nVerses Capital LLC increased its stake in Berkshire Hills Bancorp by 233.3% during the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company’s stock valued at $54,000 after purchasing an additional 1,400 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Berkshire Hills Bancorp during the second quarter worth $104,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Berkshire Hills Bancorp by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,879 shares of the savings and loans company’s stock worth $134,000 after buying an additional 2,169 shares during the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Berkshire Hills Bancorp in the 3rd quarter valued at about $211,000. Institutional investors own 83.07% of the company’s stock.

Berkshire Hills Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, November 14th. Berkshire Hills Bancorp’s payout ratio is currently 75.79%.

About Berkshire Hills Bancorp

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.