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

Berkshire Hills Bancorp (NYSE:BHLB) is projected to announce 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $119.61 million. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect Berkshire Hills Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Berkshire Hills Bancorp Price Performance

Shares of Berkshire Hills Bancorp stock opened at $28.17 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 29.65 and a beta of 0.89. Berkshire Hills Bancorp has a twelve month low of $20.50 and a twelve month high of $32.36. The company has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $27.72.

Berkshire Hills Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 annualized dividend and a yield of 2.56%. Berkshire Hills Bancorp’s dividend payout ratio is presently 75.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BHLB shares. 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 lifted their target price on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a “market perform” rating in a research report on Tuesday, December 24th. 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. Finally, Royal Bank of Canada decreased their price target on shares of Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Berkshire Hills Bancorp currently has an average rating of “Moderate Buy” and an average 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.