Berkshire Hills Bancorp, Inc. (BHLB) Analysts See $0.70 EPS

June 18, 2018 - By Winifred Garcia

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 increased, 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.
Voya Investment Mgmt Lc accumulated 15,752 shares or 0% of the stock. Axa holds 0.03% or 174,300 shares in its portfolio. Hillcrest Asset Mgmt Ltd Limited Liability Company holds 269,284 shares or 2.06% of its portfolio. Invesco holds 47,454 shares or 0% of its portfolio. Systematic Fin Mgmt Ltd Partnership invested 0.46% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Alliancebernstein Ltd Partnership holds 53,545 shares or 0% of its portfolio. Amalgamated Fincl Bank accumulated 5,286 shares. Teton Advisors has invested 0.05% in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Great West Life Assurance Can stated it has 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Moreover, Dreman Value L L C has 0.01% invested in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Clover Prtnrs Lp has 95,000 shares. First Manhattan holds 750 shares or 0% of its portfolio. Los Angeles Cap Equity Rech invested in 38,989 shares or 0.01% of the stock. Tiaa Cref Investment Mngmt Limited Com reported 253,702 shares. Alpine Woods Capital Investors Ltd Liability owns 8,500 shares.

Since February 5, 2018, it had 4 insider purchases, and 1 insider sale for $361,037 activity. Murphy Richard L. had bought 1,000 shares worth $36,999 on Tuesday, February 13. 1,000 shares valued at $37,000 were bought by Sheehan Patrick J on Thursday, February 8. $19,125 worth of stock was bought by Bossidy Paul T on Friday, April 27.

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 $31.76 million giving it 14.91 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 increased 0.85% or $0.35 during the last trading session, reaching $41.75. About 272,068 shares traded. Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has risen 6.88% since June 19, 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. Keefe Bruyette & Woods maintained Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Thursday, December 21 with “Buy” rating. Keefe Bruyette & Woods maintained Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Monday, February 26 with “Buy” rating. The stock of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) earned “Sell” rating by Compass Point on Tuesday, June 12. The rating was downgraded by Piper Jaffray to “Hold” on Friday, June 8. 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 $1.89 billion. The firm operates through two divisions, Banking and Insurance. It has a 27.4 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: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” on June 12, 2018. Also Streetinsider.com published the news titled: “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. Globenewswire.com‘s news article titled: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” with publication date: May 21, 2018 was also an interesting one.

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

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