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Berkshire Hills Bancorp Inc (NYSE: BHLB) closed the day trading at $26.63 up 4.80% from the previous closing price of $25.41. In other words, the price has increased by $4.80 from its previous closing price. On the day, 0.7 million shares were traded. BHLB stock price reached its highest trading level at $26.73 during the session, while it also had its lowest trading level at $25.555.
Ratios:
For a better understanding of BHLB, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.23.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1235362944 and an Enterprise Value of 1049288064. As of this moment, Berkshire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.41, and their Forward P/E ratio for the next fiscal year is 7.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 2.391.
Stock Price History:
The Beta on a monthly basis for BHLB is 0.72, which has changed by -0.034445226 over the last 52 weeks, in comparison to a change of 0.1513431 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 4.79%, while the 200-Day Moving Average is calculated to be -1.15%.
Shares Statistics:
Over the past 3-months, BHLB traded about 444.83K shares per day on average, while over the past 10 days, BHLB traded about 399450 shares per day. A total of 46.30M shares are outstanding, with a floating share count of 45.78M. Insiders hold about 1.31% of the company’s shares, while institutions hold 96.76% stake in the company. Shares short for BHLB as of 1753920000 were 3172275 with a Short Ratio of 7.13, compared to 1751241600 on 3619572. Therefore, it implies a Short% of Shares Outstanding of 3172275 and a Short% of Float of 9.19.
Dividends & Splits
BHLB’s forward annual dividend rate is 0.90, up from 0.72 a year ago. Against a Trailing Annual Dividend Yield of 0.028335303The stock’s 5-year Average Dividend Yield is 2.87.
Earnings Estimates
A detailed examination of Berkshire Hills Bancorp Inc (BHLB) is currently in progress, with 6.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.8, with high estimates of $0.88 and low estimates of $0.72.
Analysts are recommending an EPS of between $2.84 and $2.58 for the fiscal current year, implying an average EPS of $2.71. EPS for the following year is $3.71, with 4.0 analysts recommending between $3.81 and $3.59.
Revenue Estimates
3 analysts predict $113.91M in revenue for the current quarter. It ranges from a high estimate of $115.44M to a low estimate of $112.7M. As of the current estimate, Berkshire Hills Bancorp Inc’s year-ago sales were $125.61MFor the next quarter, 3 analysts are estimating revenue of $227.7M. There is a high estimate of $227.7M for the next quarter, whereas the lowest estimate is $227.7M.
A total of 1 analysts have provided revenue estimates for BHLB’s current fiscal year. The highest revenue estimate was $569.1M, while the lowest revenue estimate was $569.1M, resulting in an average revenue estimate of $569.1M. In the same quarter a year ago, actual revenue was $400MBased on 1 analysts’ estimates, the company’s revenue will be $962.2M in the next fiscal year. The high estimate is $962.2M and the low estimate is $962.2M.
