Berkshire Hills Bancorp (BHLB) Projected to Post Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $113.34 million for the quarter.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $110.44 million during the quarter, compared to analyst estimates of $109.71 million. Berkshire Hills Bancorp had a return on equity of 9.13% and a net margin of 15.02%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, analysts expect Berkshire Hills Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Berkshire Hills Bancorp Price Performance

NYSE:BHLB traded down $0.36 during trading hours on Friday, hitting $26.22. 399,212 shares of the company's stock traded hands, compared to its average volume of 414,487. The firm has a market cap of $1.21 billion, a P/E ratio of 10.61 and a beta of 0.61. Berkshire Hills Bancorp has a 52 week low of $22.27 and a 52 week high of $32.36. The business's fifty day simple moving average is $25.42 and its two-hundred day simple moving average is $26.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.24.

Berkshire Hills Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.75%. The ex-dividend date was Thursday, May 15th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is currently 29.15%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $31.00 price target on shares of Berkshire Hills Bancorp in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Institutional Investors Weigh In On Berkshire Hills Bancorp

Several hedge funds have recently added to or reduced their stakes in BHLB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Berkshire Hills Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,523 shares of the savings and loans company's stock worth $666,000 after purchasing an additional 1,117 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Berkshire Hills Bancorp by 10.9% in the first quarter. Royal Bank of Canada now owns 25,671 shares of the savings and loans company's stock worth $669,000 after buying an additional 2,516 shares during the period. AQR Capital Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 266.3% in the first quarter. AQR Capital Management LLC now owns 142,057 shares of the savings and loans company's stock worth $3,706,000 after buying an additional 103,276 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Berkshire Hills Bancorp by 17.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,694 shares of the savings and loans company's stock worth $3,723,000 after buying an additional 21,525 shares during the period. Institutional investors own 83.07% of the company's stock.

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.