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

Berkshire Hills Bancorp (NYSE:BHLB) is anticipated to release its earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $103.12 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Berkshire Hills Bancorp Stock Performance

Shares of Berkshire Hills Bancorp stock opened at $28.80 on Wednesday. The company’s 50 day moving average price is $29.16 and its two-hundred day moving average price is $27.90. The firm has a market capitalization of $1.24 billion, a P/E ratio of 30.31 and a beta of 0.89. Berkshire Hills Bancorp has a fifty-two week low of $20.50 and a fifty-two week 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%. Berkshire Hills Bancorp’s dividend payout ratio is currently 75.79%.

Wall Street Analyst Weigh In

BHLB has been the topic of a number of recent research reports. Seaport Res Ptn raised Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Piper Sandler upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upped their price target on shares of 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. Finally, Royal Bank of Canada cut 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 equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.