Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) – Jefferies Group issued their FY2018 earnings per share estimates for Berkshire Hills Bancorp in a report issued on Friday. Jefferies Group analyst C. Haire expects that the brokerage will post earnings of $2.35 per share for the year. Jefferies Group currently has a “Hold” rating on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Compass Point cut shares of Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $29.00 to $24.00 in a report on Tuesday, July 26th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $33.00 price objective on shares of Berkshire Hills Bancorp in a report on Wednesday, June 29th.

Earnings History and Estimates for Berkshire Hills Bancorp (NASDAQ:BHLB)

Shares of Berkshire Hills Bancorp (NASDAQ:BHLB) traded up 0.68% during mid-day trading on Monday, reaching $28.00. 5,633 shares of the company were exchanged. The stock has a market capitalization of $857.08 million and a P/E ratio of 13.66. The stock has a 50 day moving average price of $27.50 and a 200-day moving average price of $27.09. Berkshire Hills Bancorp has a 12 month low of $24.71 and a 12 month high of $30.69.

Berkshire Hills Bancorp (NASDAQ:BHLB) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54.

Several institutional investors have recently made changes to their positions in BHLB. Artemis Investment Management LLP boosted its position in shares of Berkshire Hills Bancorp by 47.0% in the second quarter. Artemis Investment Management LLP now owns 869,210 shares of the company’s stock worth $23,403,000 after buying an additional 277,805 shares during the last quarter. Swiss National Bank boosted its position in shares of Berkshire Hills Bancorp by 6.8% in the second quarter. Swiss National Bank now owns 50,300 shares of the company’s stock worth $1,354,000 after buying an additional 3,200 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Berkshire Hills Bancorp by 20.7% in the second quarter. Teacher Retirement System of Texas now owns 19,966 shares of the company’s stock worth $537,000 after buying an additional 3,428 shares during the last quarter. Aristotle Capital Boston LLC boosted its position in shares of Berkshire Hills Bancorp by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 159,327 shares of the company’s stock worth $4,289,000 after buying an additional 5,102 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Berkshire Hills Bancorp by 0.9% in the second quarter. ClariVest Asset Management LLC now owns 141,215 shares of the company’s stock worth $3,802,000 after buying an additional 1,300 shares during the last quarter.

About Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc (Berkshire) is the holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Its product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

5 Day Chart for NASDAQ:BHLB

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