Berkshire Hills Bancorp (NYSE:BHLB) Stock Rating Lowered by TheStreet

Berkshire Hills Bancorp (NYSE:BHLBGet Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

A number of other equities analysts also recently issued reports on BHLB. Compass Point downgraded Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and cut their price target for the company from $29.00 to $23.00 in a research note on Thursday, April 21st. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, April 22nd. Finally, StockNews.com started coverage on shares of Berkshire Hills Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.20.

BHLB stock opened at $24.77 on Thursday. The company has a market capitalization of $1.19 billion, a P/E ratio of 9.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. Berkshire Hills Bancorp has a 52-week low of $23.15 and a 52-week high of $31.78. The business has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $28.62.

Berkshire Hills Bancorp (NYSE:BHLBGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Berkshire Hills Bancorp had a return on equity of 7.67% and a net margin of 27.75%. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, sell-side analysts forecast that Berkshire Hills Bancorp will post 1.83 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of BHLB. UMB Bank N A MO bought a new stake in shares of Berkshire Hills Bancorp in the 4th quarter worth approximately $30,000. Lazard Asset Management LLC bought a new stake in shares of Berkshire Hills Bancorp in the 1st quarter worth approximately $35,000. Advisor Group Holdings Inc. raised its holdings in shares of Berkshire Hills Bancorp by 100.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,568 shares of the savings and loans company’s stock worth $42,000 after purchasing an additional 786 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Berkshire Hills Bancorp by 112.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,533 shares of the savings and loans company’s stock worth $44,000 after purchasing an additional 811 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Berkshire Hills Bancorp in the 1st quarter worth approximately $87,000. 82.24% of the stock is currently owned by institutional investors.

About Berkshire Hills Bancorp (Get Rating)

Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.

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