Berkshire Hills Bancorp (NYSE: BHLB) has recently received a number of price target changes and ratings updates:

  • 9/25/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 9/20/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/20/2017 – Berkshire Hills Bancorp had its “outperform” rating reaffirmed by analysts at FIG Partners. They now have a $41.00 price target on the stock.
  • 9/19/2017 – Berkshire Hills Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 9/18/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 9/15/2017 – Berkshire Hills Bancorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $38.00 price target on the stock.
  • 9/13/2017 – Berkshire Hills Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/12/2017 – Berkshire Hills Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 9/11/2017 – Berkshire Hills Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. “
  • 9/7/2017 – Berkshire Hills Bancorp was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $39.50 price target on the stock.
  • 8/8/2017 – Berkshire Hills Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Berkshire Hills Bancorp, Inc. (BHLB) traded up 1.10% during trading on Tuesday, reaching $36.75. The company’s stock had a trading volume of 224,285 shares. Berkshire Hills Bancorp, Inc. has a one year low of $26.80 and a one year high of $38.65. The stock has a 50-day moving average of $34.32 and a 200 day moving average of $35.44. The firm has a market capitalization of $1.47 billion, a P/E ratio of 20.29 and a beta of 0.65.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $102.34 million during the quarter, compared to analysts’ expectations of $102.75 million. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. On average, equities research analysts predict that Berkshire Hills Bancorp, Inc. will post $2.26 EPS for the current fiscal year.

In other Berkshire Hills Bancorp news, Director Richard L. Murphy acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $34.25 per share, for a total transaction of $34,250.00. Following the completion of the purchase, the director now directly owns 9,668 shares in the company, valued at $331,129. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard M. Marotta sold 9,500 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the sale, the executive vice president now owns 28,523 shares in the company, valued at approximately $950,386.36. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

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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