Berkshire Hills Bancorp (BHLB) Expected to Announce Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $103,115.75 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Berkshire Hills Bancorp Price Performance

NYSE:BHLB opened at $28.63 on Tuesday. The company has a market cap of $1.23 billion, a P/E ratio of 30.14 and a beta of 0.89. The firm’s fifty day moving average price is $29.18 and its two-hundred day moving average price is $27.87. Berkshire Hills Bancorp has a one year low of $20.50 and a one year high of $32.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98.

Berkshire Hills Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, November 14th. Berkshire Hills Bancorp’s dividend payout ratio is presently 75.79%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BHLB. Seaport Res Ptn raised shares of Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Piper Sandler upgraded Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods increased their price target on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a “market perform” rating in a research report on Tuesday, December 24th. Finally, Royal Bank of Canada dropped their price objective on Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.13.

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.