Berkshire Hills Bancorp stock has undergone multiple analysts rating changes in the recent past.  Berkshire Hills Bancorp Upgraded by Piper Sandler on 6/12/2020. In a note to investors, the firm issued a new rating of Overweight. The analysts previously had rating of Neutral.

Shares of Berkshire Hills Bancorp traded up $0.42 on Friday, reaching $11.33. 1052151 shares of the stock traded hands, compared to its average volume of 591779. Shares of Berkshire Hills Bancorp at the end of the day on Friday were at $11.33. The firm’s 50 day moving average is $$13.26 and its 200 day moving average is $24.73.Berkshire Hills Bancorp  has a 12 month low of $10.92 and a 12 month high of $33.72. While on yearly highs and lows, Berkshire Hills Bancorp’s today has traded high as $11.95 and has touched $10.92 on the downward trend. See More Analyst Rating at: RATING

Berkshire Hills Bancorp Earnings and What to expect: 

Berkshire Hills Bancorp last posted its earnings results on May 4th, 2020. The savings and loans company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.57. The company earned $92.06 million during the quarter, compared to analysts’ expectations of $107.73 million. Berkshire Hills Bancorp has generated $2.40 earnings per share over the last year and currently has a price-to-earnings ratio of 10.6. Berkshire Hills Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, July 28th, 2020 based off prior year’s report dates.

Earnings for Berkshire Hills Bancorp are expected to grow by 86.67% in the coming year, from $0.75 to $1.40 per share. The P/E ratio of Berkshire Hills Bancorp is 10.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of Berkshire Hills Bancorp is 10.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.15. Berkshire Hills Bancorp has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 5.60%
  • On 5/21/2020 Director John B Davies Buy 604 at average share price of $10.81 which equates to $6,529.24 in money value.
  • On 5/12/2020 Director John B Davies Buy 1,025 at average price of  $10.67 with total value of : $10,936.75
  • On 5/7/2020 Director John B Davies Buy 1,170 at average price of  $11.83 with total value of : $13,841.10

Who else is talking about Berkshire Hills Bancorp :

  • 6/12/2020 – Crispr Therapeutics had its “buy” rating re-affirmed by analysts at Piper Sandler. They now have a $104.00 price target on the stock.
  • 6/12/2020 – Agios Pharmaceuticals had its price target raised by analysts at Piper Sandler from $70.00 to $80.00. They now have an “overweight” rating on the stock.
  • 6/12/2020 – Lululemon Athletica had its price target raised by analysts at Piper Sandler from $360.00 to $365.00. They now have an “overweight” rating on the stock.
  • 6/11/2020 – Kontoor Brands had its price target raised by analysts at Piper Sandler from $20.00 to $29.00. They now have an “overweight” rating on the stock.

Berkshire Hills Bancorp (NYSE:BHLB) Moving Average Technical Analysis

5 day Moving Average is $12.46 And 5 day price change is -$2.02 (-15.13%)  with average volume for 5 day average is 653,840. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.49 and 20 day price change is $1.37 (13.76%) and average 20 day moving volume is 629,275. 50 day moving average is $13.26  and 50 day price change is -$2.95 ( -20.66%)  and with average volume for 50 days is : 511,146. 200 day moving average is $24.73  and 200 day price change is -$16.99 (-59.99%)  and with average volume for 200 days is : 306,064.

See More Analyst Rating at: RATING



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