Berkshire Hills Bancorp Inc (NYSE: BHLB) has reported a loss for its first fiscal quarter (ending March 31) of $-0.47 versus $0.63 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.50 compared to $2.24 a year ago.
Recent Price Action
Berkshire Hills Bancorp Inc (NYSE: BHLB) stock closed at $20.98 on 4/18/24 after a large increase of 2.2%. Trading volume in this advance was normal. The stock has risen 0.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BHLB is expected to continue to be a modest Value Builder.
Berkshire Hills Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Berkshire Hills Bancorp has a slightly positive Power Rating of 69 and a good Appreciation Score of 83, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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