Berkshire Hills Bancorp (BHLB) to Release Earnings on Thursday

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect Berkshire Hills Bancorp to post earnings of $0.54 per share and revenue of $109.71 million for the quarter.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. 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 Stock Down 1.2 %

BHLB stock traded down $0.28 during midday trading on Monday, hitting $23.35. The stock had a trading volume of 363,084 shares, compared to its average volume of 357,023. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.22 and a beta of 0.58. The business has a 50-day moving average of $26.10 and a two-hundred day moving average of $27.94. Berkshire Hills Bancorp has a 52-week low of $20.76 and a 52-week high of $32.36.

Berkshire Hills Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.18 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.08%. Berkshire Hills Bancorp's payout ratio is 50.00%.

Insider Buying and Selling

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total transaction of $31,528.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BHLB shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a research note on Tuesday, December 24th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.