Brokerages forecast that Berkshire Hills Bancorp, Inc. (NYSE:BHLB) will announce earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Berkshire Hills Bancorp’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. Berkshire Hills Bancorp reported earnings per share of $0.56 in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 29th.

According to Zacks, analysts expect that Berkshire Hills Bancorp will report full year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.30. For the next year, analysts forecast that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $2.55 to $2.60. Zacks’ EPS averages are an average based on a survey of research analysts that cover Berkshire Hills Bancorp.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The firm had revenue of $100.83 million during the quarter, compared to the consensus estimate of $107.60 million.

A number of equities analysts have weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $39.50 price objective on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Jefferies Group reissued a “hold” rating and issued a $40.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Finally, BidaskClub raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.90.

In other news, Director James Williar Dunlaevy sold 7,455 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $39.30, for a total transaction of $292,981.50. Following the transaction, the director now owns 67,747 shares of the company’s stock, valued at $2,662,457.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Carroll sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.50, for a total transaction of $77,000.00. Following the transaction, the insider now directly owns 7,255 shares in the company, valued at approximately $279,317.50. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Several hedge funds have recently modified their holdings of BHLB. Ameritas Investment Partners Inc. lifted its position in shares of Berkshire Hills Bancorp by 11.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 318 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Berkshire Hills Bancorp during the second quarter worth about $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Berkshire Hills Bancorp by 263.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock worth $121,000 after purchasing an additional 2,500 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Berkshire Hills Bancorp by 129.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock worth $154,000 after purchasing an additional 2,471 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Berkshire Hills Bancorp by 68.3% during the second quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock worth $160,000 after purchasing an additional 1,843 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp (NYSE:BHLB) traded down $0.25 during trading hours on Friday, reaching $37.60. 193,802 shares of the company’s stock were exchanged, compared to its average volume of 211,216. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1,713.37, a PE ratio of 16.60 and a beta of 0.68. Berkshire Hills Bancorp has a one year low of $32.85 and a one year high of $40.00.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. Berkshire Hills Bancorp’s payout ratio is currently 45.16%.

TRADEMARK VIOLATION WARNING: This report was originally published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/analysts-anticipate-berkshire-hills-bancorp-inc-bhlb-to-post-0-57-earnings-per-share/1758310.html.

Berkshire Hills Bancorp Company Profile

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.

Get a free copy of the Zacks research report on Berkshire Hills Bancorp (BHLB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Berkshire Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.