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

June 14, 2018 - By Louis Casey

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.
Alliancebernstein L P stated it has 53,545 shares. Fdx Advisors reported 6,209 shares. California State Teachers Retirement Systems has 0% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Dimensional Fund L P has 0.06% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 3.53 million shares. State Board Of Administration Of Florida Retirement System reported 0% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Etrade Cap Mgmt Ltd accumulated 36,864 shares. Westwood Holdings Group has invested 0.22% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Morgan Stanley reported 144,862 shares stake. Renaissance Limited Liability holds 764,581 shares. Utd Ser Automobile Association holds 0.01% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 75,246 shares. Jacobs Asset Mgmt Limited Liability holds 866,370 shares. Sterling Capital Mgmt Llc has 0.01% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). 32,773 are held by Ubs Asset Management Americas Inc. Axa stated it has 0.03% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB).

Since December 15, 2017, it had 5 buys, and 1 insider sale for $380,362 activity. On Thursday, February 8 the insider Sheehan Patrick J bought $37,000. Another trade for 1,500 shares valued at $63,798 was sold by Carroll Michael D.. 3,000 Berkshire Hills Bancorp, Inc. (NYSE:BHLB) shares with value of $113,608 were bought by RYAN WILLIAM J. 1,000 shares valued at $36,999 were bought by Murphy Richard L. on Tuesday, February 13.

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. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) earned “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, January 9. As per Friday, June 8, the company rating was downgraded by Piper Jaffray. Compass Point downgraded Berkshire Hills Bancorp, Inc. (NYSE:BHLB) rating on Tuesday, June 12. Compass Point has “Sell” rating and $3800 target.

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: Streetinsider.com which released: “Ollie’s Bargain Outlet Holdings (OLLI) Set to Join S&P MidCap 400; Berkshire Hills Bancorp (BHLB) Set to Join S&P …” on June 06, 2018. Also Globenewswire.com published the news titled: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” on May 21, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” with publication date: June 12, 2018 was also an interesting one.

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

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