Berkshire Hills Bancorp (NYSE:BHLB) Given Daily Media Sentiment Score of 0.14
News stories about Berkshire Hills Bancorp (NYSE:BHLB) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the savings and loans company an impact score of 46.2767630364136 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
BHLB has been the topic of a number of recent research reports. FIG Partners upgraded Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Jefferies Group LLC restated a “hold” rating and set a $38.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, May 5th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $35.80.
Berkshire Hills Bancorp (NYSE:BHLB) opened at 36.20 on Monday. The company has a market cap of $1.35 billion, a PE ratio of 19.99 and a beta of 0.63. Berkshire Hills Bancorp has a 1-year low of $26.25 and a 1-year high of $38.65. The stock’s 50 day moving average price is $36.02 and its 200-day moving average price is $35.76.
Berkshire Hills Bancorp (NYSE:BHLB) last released its earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 7.31%. The business had revenue of $102.34 million for the quarter, compared to analyst estimates of $102.75 million. On average, analysts forecast that Berkshire Hills Bancorp will post $2.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, August 8th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 46.15%.
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About Berkshire Hills Bancorp
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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