EPS for Berkshire Hills Bancorp, Inc. (BHLB) Expected At $0.70

June 14, 2018 - By Hannah Black

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) LogoInvestors sentiment increased to 1.28 in Q1 2018. Its up 0.04, from 1.24 in 2017Q4. It improved, as 16 investors sold Berkshire Hills Bancorp, Inc. shares while 48 reduced holdings. 14 funds opened positions while 68 raised stakes. 31.35 million shares or 2.33% more from 30.63 million shares in 2017Q4 were reported.
Royal Bank & Trust Of Canada has invested 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Stone Ridge Asset Mngmt Ltd Co holds 0.02% or 6,903 shares in its portfolio. Principal Finance Group reported 0.01% stake. Citigroup Inc, a New York-based fund reported 23,619 shares. The New York-based Tiaa Cref Investment Lc has invested 0.01% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Alpine Woods Cap Invsts Limited Liability holds 8,500 shares. Comml Bank Of Mellon reported 0% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). St Germain D J Company reported 0.09% stake. 30,096 are held by Jpmorgan Chase And. Federated Incorporated Pa accumulated 0.01% or 94,611 shares. Hbk Invests Ltd Partnership accumulated 17,800 shares. Pitcairn has invested 0.03% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Community Bank Na reported 1,391 shares. Rothschild Asset Mngmt reported 264,253 shares. Public Employees Retirement Association Of Colorado owns 8,909 shares.

Since December 15, 2017, it had 5 insider buys, and 1 sale for $380,362 activity. Sheehan Patrick J bought $331,711 worth of stock. 500 shares were bought by Bossidy Paul T, worth $19,125 on Friday, April 27. The insider Carroll Michael D. sold 1,500 shares worth $63,798. Shares for $36,999 were bought by Murphy Richard L..

Analysts expect Berkshire Hills Bancorp, Inc. (NYSE:BHLB) to report $0.70 EPS on July, 18.They anticipate $0.12 EPS change or 20.69 % from last quarter’s $0.58 EPS. BHLB’s profit would be $31.75 million giving it 14.95 P/E if the $0.70 EPS is correct. After having $0.65 EPS previously, Berkshire Hills Bancorp, Inc.’s analysts see 7.69 % EPS growth. The stock decreased 0.83% or $0.35 during the last trading session, reaching $41.85. About 581,808 shares traded or 88.19% up from the average. Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has risen 6.88% since June 15, 2017 and is uptrending. It has underperformed by 5.69% the S&P500.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Ratings Coverage

Among 3 analysts covering Berkshire Hills (NYSE:BHLB), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Berkshire Hills had 5 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Friday, June 8 by Piper Jaffray. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. The stock has “Sell” rating by Compass Point on Tuesday, June 12. Keefe Bruyette & Woods maintained Berkshire Hills Bancorp, Inc. (NYSE:BHLB) rating on Tuesday, January 9. Keefe Bruyette & Woods has “Buy” rating and $42.5 target. Keefe Bruyette & Woods maintained Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Monday, February 26 with “Buy” rating.

Berkshire Hills Bancorp, Inc. provides retail and commercial banking, wealth management and investment, and insurance services. The company has market cap of $1.90 billion. The firm operates through two divisions, Banking and Insurance. It has a 30.11 P/E ratio. It offers various deposit accounts, including interest-bearing and noninterest-bearing checking demand, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as residential mortgages, commercial real estate, commercial and industrial, and consumer loans.

More recent Berkshire Hills Bancorp, Inc. (NYSE:BHLB) news were published by: Streetinsider.com which released: “Ollie’s Bargain Outlet Holdings (OLLI) Set to Join S&P MidCap 400; Berkshire Hills Bancorp (BHLB) Set to Join S&P …” on June 06, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” on June 12, 2018. Globenewswire.com‘s news article titled: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” with publication date: May 21, 2018 was also an interesting one.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Institutional Positions Chart

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