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

Berkshire Hills Bancorp (NYSE:BHLB) is scheduled to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Berkshire Hills Bancorp Stock Performance

Berkshire Hills Bancorp stock opened at $27.34 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.01. Berkshire Hills Bancorp has a fifty-two week low of $18.31 and a fifty-two week high of $28.51. The stock has a fifty day moving average of $26.82 and a two-hundred day moving average of $24.43. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 54.68 and a beta of 0.86.

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, September 30th. Berkshire Hills Bancorp’s payout ratio is 144.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BHLB shares. StockNews.com upgraded Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Janney Montgomery Scott cut shares of Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Monday, July 22nd. Finally, Hovde Group boosted their target price on shares of Berkshire Hills Bancorp from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Berkshire Hills Bancorp presently has an average 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.