Berkshire Hills Bancorp (NYSE:BHLB) announced its quarterly earnings data on Tuesday. The savings and loans company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.14, Fidelity Earnings reports. Berkshire Hills Bancorp had a positive return on equity of 4.29% and a negative net margin of 106.72%.
Shares of NYSE:BHLB traded down $0.83 during trading on Thursday, reaching $27.48. 9,032 shares of the stock were exchanged, compared to its average volume of 471,789. Berkshire Hills Bancorp has a 12 month low of $8.55 and a 12 month high of $28.89. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -2.85 and a beta of 1.23. The company’s 50-day moving average is $27.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 8th. Stockholders of record on Tuesday, June 29th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, June 28th. Berkshire Hills Bancorp’s dividend payout ratio is presently 80.00%.
In other news, CEO Nitin J. Mhatre acquired 1,080 shares of Berkshire Hills Bancorp stock in a transaction dated Friday, June 4th. The stock was bought at an average price of $27.77 per share, for a total transaction of $29,991.60. Following the completion of the acquisition, the chief executive officer now directly owns 30,080 shares in the company, valued at approximately $835,321.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Subhadeep Basu purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 5th. The stock was bought at an average price of $23.70 per share, with a total value of $118,500.00. Following the completion of the purchase, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $118,500. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 30,367 shares of company stock valued at $749,455. Corporate insiders own 0.90% of the company’s stock.
Berkshire Hills Bancorp Company Profile
Berkshire Hills Bancorp, Inc operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.
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