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

June 13, 2018 - By Louis Casey

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.
Moreover, Mendon Cap Advsrs has 0.26% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 75,000 shares. Sg Americas Securities Limited Co holds 0% or 4,194 shares in its portfolio. Eaton Vance Mgmt holds 0.01% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) or 70,432 shares. Bancorp Of Mellon Corp has invested 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Teton Advsr holds 14,246 shares. Envestnet Asset Mngmt has 0% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 3,783 shares. Godshalk Welsh Incorporated owns 32,700 shares. 1,190 were accumulated by Huntington Comml Bank. Axa reported 174,300 shares. American Intll reported 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Teacher Retirement System Of Texas holds 9,504 shares or 0% of its portfolio. Boston Advsrs reported 0.14% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Putnam Invests Ltd has 0% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 34,320 shares. The New Jersey-based Systematic Fin Mngmt Ltd Partnership has invested 0.46% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Morgan Stanley owns 144,862 shares for 0% of their portfolio.

Since December 15, 2017, it had 5 buys, and 0 insider sales for $444,160 activity. Sheehan Patrick J bought $331,711 worth of stock. The insider Murphy Richard L. bought $36,999. RYAN WILLIAM J bought $113,608 worth of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Friday, December 15.

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 15.07 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 0.35% or $0.15 during the last trading session, reaching $42.2. About 516,691 shares traded or 69.88% up from the average. Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has risen 6.88% since June 14, 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. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods. The rating was downgraded by Compass Point to “Sell” on Tuesday, June 12. Piper Jaffray downgraded the shares of BHLB in report on Friday, June 8 to “Hold” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, January 9.

Berkshire Hills Bancorp, Inc. provides retail and commercial banking, wealth management and investment, and insurance services. The company has market cap of $1.91 billion. The firm operates through two divisions, Banking and Insurance. It has a 30.36 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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