Berkshire Hills Bancorp (BHLB) Receives News Sentiment Score of 0.18
Media headlines about Berkshire Hills Bancorp (NYSE:BHLB) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 45.7605499637133 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Berkshire Hills Bancorp, Inc. (BHLB) Raised to “Overweight” at Piper Jaffray Companies (americanbankingnews.com)
- America First Multifamily Investors, L.P. (ATAX) versus Berkshire Hills Bancorp (BHLB) Head to Head Survey (americanbankingnews.com)
- Flipkart’s Big Billion sale to begin from September 20 (androidevo.com)
- $107.70 Million in Sales Expected for Berkshire Hills Bancorp, Inc. (BHLB) This Quarter (americanbankingnews.com)
A number of equities analysts recently commented on BHLB shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Monday, May 15th. FIG Partners raised shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 23rd. BidaskClub raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, June 27th. Finally, Piper Jaffray Companies raised shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 price target for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Berkshire Hills Bancorp presently has an average rating of “Hold” and an average target price of $37.50.
Berkshire Hills Bancorp (BHLB) traded up 1.34% during midday trading on Monday, reaching $33.95. 134,055 shares of the company’s stock traded hands. The firm’s 50-day moving average is $34.71 and its 200-day moving average is $35.50. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.75 and a beta of 0.65. Berkshire Hills Bancorp has a 1-year low of $26.45 and a 1-year high of $38.65.
Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The company had revenue of $102.34 million during the quarter, compared to analyst estimates of $102.75 million. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. Analysts forecast that Berkshire Hills Bancorp will post $2.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, August 8th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 46.15%.
In other news, EVP Richard M. Marotta sold 9,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $33.32, for a total value of $316,540.00. Following the completion of the transaction, the executive vice president now owns 28,523 shares of the company’s stock, valued at $950,386.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Murphy acquired 1,000 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of $34.25 per share, with a total value of $34,250.00. Following the purchase, the director now owns 9,668 shares of the company’s stock, valued at approximately $331,129. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.
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Berkshire Hills Bancorp Company Profile
Berkshire Hills Bancorp, Inc (Berkshire) is a 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. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.
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