Does Earnings Surprise History Hold Any Clue for Berkshire Hills Bancorp (NYSE:BHLB)

Earnings results for Berkshire Hills Bancorp (NYSE:BHLB)

Berkshire Hills Bancorp, Inc. is expected* to report earnings on 07/21/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $-0.13.

Berkshire Hills Bancorp last issued its quarterly earnings data on April 28th, 2021. The savings and loans company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The company earned $101.29 million during the quarter, compared to analysts’ expectations of $95.25 million. Berkshire Hills Bancorp has generated $0.60 earnings per share over the last year. Berkshire Hills Bancorp has confirmed that its next quarterly earnings report will be published on Wednesday, July 21st, 2021. Berkshire Hills Bancorp will be holding an earnings conference call on Wednesday, July 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode “10157983”.

Analyst Opinion on Berkshire Hills Bancorp (NYSE:BHLB)

4 Wall Street analysts have issued ratings and price targets for Berkshire Hills Bancorp in the last 12 months. Their average twelve-month price target is $19.75, predicting that the stock has a possible downside of 26.85%. The high price target for BHLB is $27.00 and the low price target for BHLB is $13.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Berkshire Hills Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.75, Berkshire Hills Bancorp has a forecasted downside of 26.9% from its current price of $27.00. Berkshire Hills Bancorp has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Berkshire Hills Bancorp (NYSE:BHLB)

Berkshire Hills Bancorp pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends. Berkshire Hills Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of Berkshire Hills Bancorp is 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 35.29% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Berkshire Hills Bancorp (NYSE:BHLB)

In the past three months, Berkshire Hills Bancorp insiders have bought 269.54% more of their company’s stock than they have sold. Specifically, they have bought $1,051,515.00 in company stock and sold $284,546.00 in company stock. Only 0.90% of the stock of Berkshire Hills Bancorp is held by insiders. 76.43% of the stock of Berkshire Hills Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Berkshire Hills Bancorp (NYSE:BHLB

Earnings for Berkshire Hills Bancorp are expected to grow by 8.80% in the coming year, from $1.25 to $1.36 per share. The P/E ratio of Berkshire Hills Bancorp is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Berkshire Hills Bancorp is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Berkshire Hills Bancorp has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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