Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Berkshire Hills Bancorp Inc (NYSE: BHLB) closed at $25.75 down -1.83% from its previous closing price of $26.23. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 0.78 million shares were traded. BHLB stock price reached its highest trading level at $26.425 during the session, while it also had its lowest trading level at $25.64.
Ratios:
For a deeper understanding of Berkshire Hills Bancorp Inc’s stock, let’s take a closer look at its various ratios.
On July 22, 2024, Janney Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $28.
Hovde Group reiterated its Outperform rating for the stock on July 19, 2024, while the target price for the stock was revised from $28 to $31.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 11 ’25 when Tulchiner Ellen sold 1,052 shares for $29.97 per share. The transaction valued at 31,529 led to the insider holds 0 shares of the business.
Tulchiner Ellen bought 1,052 shares of BHLB for $31,400 on Feb 11 ’25.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BHLB now has a Market Capitalization of 1192534016 and an Enterprise Value of 1105774336. As of this moment, Berkshire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.06, and their Forward P/E ratio for the next fiscal year is 7.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72. Its current Enterprise Value per Revenue stands at 2.563.
Stock Price History:
The Beta on a monthly basis for BHLB is 0.66, which has changed by -0.08166903 over the last 52 weeks, in comparison to a change of 0.16564083 over the same period for the S&P500. Over the past 52 weeks, BHLB has reached a high of $32.36, while it has fallen to a 52-week low of $22.27. The 50-Day Moving Average of the stock is 0.80%, while the 200-Day Moving Average is calculated to be -5.19%.
Shares Statistics:
For the past three months, BHLB has traded an average of 474.67K shares per day and 474650 over the past ten days. A total of 46.30M shares are outstanding, with a floating share count of 45.70M. Insiders hold about 1.33% of the company’s shares, while institutions hold 93.34% stake in the company. Shares short for BHLB as of 1751241600 were 3619572 with a Short Ratio of 7.63, compared to 1748563200 on 3677133. Therefore, it implies a Short% of Shares Outstanding of 3619572 and a Short% of Float of 10.479999.
Dividends & Splits
According to the company, the forward annual dividend rate for BHLB is 0.72, from 0.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 2.98.
