Berkshire Hills Bank was the subject of a Thursday research report published on StockNews.com.
The report indicated that the website’s analysts would begin following the company going forward (NYSE: BHLB).
The savings and loans association stock was recommended to be “kept” by the brokerage firm as their recommendation for stock.
On January 26, the most recent quarterly earnings report for Berkshire Hills Bancorp (NYSE: BHLB) was made available to the public.
The savings and loan association’s earnings per share for the preceding quarter came in at $0.64, which was in line with what the industry experts had predicted those earnings to be.
Berkshire Hills Bancorp had a return on equity of 10.04% and a net margin of 20.28% overall.
The actual revenues for the quarter came in at $137.04 million, a significant increase compared to the projections made by the analysts, which were $111.35 million.
The same period as the year before resulted in the same level of profitability for the business, with each share of stock resulting in a profit of $0.42.
Analysts specializing in equity research predict that Berkshire Hills Bancorp will bring in $2.45 worth of profits per share during the current fiscal year.
BHLB began trading on Thursday for $25.15.
The first day of trading was Thursday.
Berkshire Hills Bancorp hit a low point over the past 52 weeks of $23.04, while the company’s stock reached a high point over the past 52 weeks of $31.63.
There is a ratio of 0.13 times more debt than equity, a ratio of 0.87 for the quick ratio, and a ratio of 0.87 for the current ratio.
The company’s stock has been trading at a moving average of $29.40 for the past 50 days, while the price it has been trading for the past 200 days has been $29.26.
The price-to-earnings ratio of the company’s stock, which is 12.39, and its beta value, which is 1, are equal to 1.00.
The company’s stock on the market is approximately $1.12 billion.
Separately, the Hovde Group announced in a research note released on Monday, December 12, that they would increase their price objective on Berkshire Hills Bank shares to $34.00.
The following advice regarding the stock has been provided by research analysts: one recommendation to hold, two recommendations to sell, and one recommendation to buy.
The information that can be found on Bloomberg.com indicates that the stock is currently rated as having a status of “Hold,” and the average price objective is set at $29.25.
On March 15, Nitin J.
Mhatre, Chief Executive Officer of Berkshire Hills Bancorp, purchased 3,900 shares of the company’s stock.
This piece of information is relevant to the topic at hand.
The price paid for each share came out to an average of $24.62 overall, bringing the total amount spent on the stock transactions to $96,018.00.
As a result of the completion of the acquisition, the Chief Executive Officer now directly owns 53,430 shares of the company’s stock.
Based on the current stock price, these shares are estimated to be worth approximately $1,315,446.60.
If you follow the link, which will take you to a legal file submitted to the SEC, you can acquire additional information regarding the transaction.
The company’s insiders own 0.90 percent of the total number of shares that are currently outstanding.
Recently, institutional investors such as hedge funds and other types of investment organizations have been very active in the market, buying and selling shares.
During the second quarter of the current fiscal year, Federated Hermes INC increased the percentage of Berkshire Hills Bancorp shares it owned by 10.4%.
The most recent financial quarter saw the acquisition of 504 additional shares, bringing the total number of shares owned by Federated Hermes INC in the savings and loans organization to 5,340, with a value of $132,000 for the holding as a whole.
During the second quarter, FMR LLC achieved a 3.8% increase in the proportion of Berkshire Hills Bancorp stock it owned.
After making an additional purchase of 515 shares during the most recent quarter, FMR LLC is now the direct owner of a total of 13,959 savings and loans company shares, which has a market cap of $346,000.
This brings FMR LLC’s total number of shares to 13,959.
During the last three months of 2018, TFO TDC LLC invested $287,000 in Berkshire Hills Bank.
The money came from the fourth quarter.
Mutual of America Capital Management LLC increased the Berkshire Hills Bancorp stock in its portfolio by 13.3% during the second quarter.
The stock of the savings and loan company is currently held by Mutual of America Capital Management LLC, which is the company’s current owner. Following the acquisition of 936 additional shares during the most recent fiscal quarter, the organization now holds 7,948 shares of the company’s stock.
Each share of company stock is currently valued at $197,000.
In the third quarter, Wipfli Financial Advisors LLC shelled out close to $27,000 to acquire a new investment in Berkshire Hills Bank.
This acquisition was the company’s last but not least point of business.
An 80.73 percent of the company’s stock is owned by institutional investors who have purchased large blocks of shares.