Berkshire Hills Bancorp (BHLB) Earns Daily Coverage Optimism Score of 0.20
Media headlines about Berkshire Hills Bancorp (NYSE:BHLB) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Berkshire Hills Bancorp earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the savings and loans company an impact score of 45.8727644583507 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Insider Buying: Berkshire Hills Bancorp, Inc. (BHLB) Director Acquires 3,000 Shares of Stock (americanbankingnews.com)
- Berkshire Hills Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : BHLB-US : December 11, 2017 (finance.yahoo.com)
- Analysts Expect Berkshire Hills Bancorp, Inc. (BHLB) Will Post Quarterly Sales of $112.80 Million (americanbankingnews.com)
- Berkshire Hills Bancorp, Inc. (BHLB) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several analysts have commented on BHLB shares. Piper Jaffray Companies reissued a “buy” rating and issued a $39.50 price objective on shares of Berkshire Hills Bancorp in a report on Sunday, October 22nd. Zacks Investment Research raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. BidaskClub raised Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, FIG Partners reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.90.
Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The firm had revenue of $100.83 million for the quarter, compared to analyst estimates of $107.60 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. research analysts predict that Berkshire Hills Bancorp will post 2.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 8th. Berkshire Hills Bancorp’s dividend payout ratio is presently 45.41%.
In related news, Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Thursday, November 30th. The stock was 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 in the company, valued at $2,662,457.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William J. Ryan acquired 3,000 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $37.87 per share, for a total transaction of $113,610.00. The disclosure for this purchase can be found here. Insiders own 2.82% of the company’s stock.
About Berkshire Hills Bancorp
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.
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