may delivered a positive earnings surprise Berkshire Hills Bancorp (NYSE:BHLB)

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Earnings results for Berkshire Hills Bancorp (NYSE:BHLB)

Berkshire Hills Bancorp last posted its earnings data on July 20th, 2021. The savings and loans company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.14. The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $97.10 million. Berkshire Hills Bancorp has generated $0.60 earnings per share over the last year ($1.41 diluted earnings per share) and currently has a price-to-earnings ratio of 19.1. Earnings for Berkshire Hills Bancorp are expected to decrease by -4.76% in the coming year, from $1.47 to $1.40 per share. Berkshire Hills Bancorp has confirmed that its next quarterly earnings report will be published on Thursday, October 21st, 2021. Berkshire Hills Bancorp will be holding an earnings conference call on Thursday, October 21st at 10:00 AM Eastern. Interested parties can or dial in at 866-813-9403 with passcode “331614”.

Analyst Opinion on Berkshire Hills Bancorp (NYSE:BHLB)

According to the issued ratings of 6 analysts in the last year, the consensus rating for Berkshire Hills Bancorp stock is Hold based on the current 4 hold ratings and 2 buy ratings for BHLB. The average twelve-month price target for Berkshire Hills Bancorp is $26.00 with a high price target of $31.00 and a low price target of $16.00.

on BHLB’s analyst rating history

Berkshire Hills Bancorp has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $26.00, Berkshire Hills Bancorp has a forecasted downside of 3.5% from its current price of $26.94. Berkshire Hills Bancorp has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Berkshire Hills Bancorp (NYSE:BHLB)

Berkshire Hills Bancorp pays a meaningful dividend of 1.79%, higher than the bottom 25% of all stocks that pay dividends. Berkshire Hills Bancorp has only been increasing its dividend for 2 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 34.29% 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 more of their company’s stock than they have sold. Specifically, they have bought $246,828.00 in company stock and sold $0.00 in company stock. Only 0.90% of the stock of Berkshire Hills Bancorp is held by insiders. 81.48% 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 decrease by -4.76% in the coming year, from $1.47 to $1.40 per share. The P/E ratio of Berkshire Hills Bancorp is 19.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.23. The P/E ratio of Berkshire Hills Bancorp is 19.11, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.73. Berkshire Hills Bancorp has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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