Berkshire Hills Bancorp, Inc. (BHLB) Analysts See $0.70 EPS

June 14, 2018 - By Richard Conner

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) LogoInvestors sentiment increased to 1.28 in 2018 Q1. 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.
Boston Private Wealth Ltd Liability Corp owns 0.04% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 27,357 shares. Deutsche Natl Bank Ag owns 0% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 98,770 shares. Fmr Ltd Liability Co holds 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 575,164 shares. Btim Corp stated it has 0.03% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Sg Americas Securities Ltd Company, a New York-based fund reported 4,194 shares. Citigroup Inc holds 0% or 23,619 shares. Johnson Invest Counsel has invested 0.02% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Wellington Mgmt Gp Llp, a Massachusetts-based fund reported 103,053 shares. California Pub Employees Retirement reported 0.01% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Stone Ridge Asset Mngmt Limited Co stated it has 0.02% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Dreman Value Management L L C holds 0.01% or 359 shares in its portfolio. Hartford Mgmt accumulated 0.15% or 7,762 shares. Guggenheim Limited Liability Company has invested 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Alpine Woods Cap Investors Ltd Company holds 0.02% or 8,500 shares. Amalgamated Savings Bank has 5,286 shares.

Since December 15, 2017, it had 5 buys, and 1 sale for $380,362 activity. On Tuesday, February 13 the insider Murphy Richard L. bought $36,999. Carroll Michael D. had sold 1,500 shares worth $63,798. 8,938 shares were bought by Sheehan Patrick J, worth $331,711 on Monday, February 5. Shares for $19,325 were bought by Bossidy Paul T.

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. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The firm has “Buy” rating given on Tuesday, January 9 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Monday, February 26 by Keefe Bruyette & Woods. As per Tuesday, June 12, the company rating was downgraded by Compass Point. The firm earned “Hold” rating on Friday, June 8 by Piper Jaffray.

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: Globenewswire.com which released: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” on May 21, 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. Streetinsider.com‘s news article titled: “Ollie’s Bargain Outlet Holdings (OLLI) Set to Join S&P MidCap 400; Berkshire Hills Bancorp (BHLB) Set to Join S&P …” with publication date: June 06, 2018 was also an interesting one.

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

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