Berkshire Hills Bancorp Inc (NYSE: BHLB) has reported earnings for its second fiscal quarter (ending June 30) of $0.57 versus $0.55 for the same period a year ago — an increase of 4%. This performance was $0.05 better than the consensus estimate of $0.51. E.P.S. were $0.51 for the latest four quarters through June 30 versus $2.29 for the same period a year ago — a decline of -78%.
Recent Price Action
Berkshire Hills Bancorp Inc (NYSE: BHLB) stock closed at $27.13 on 7/18/24 after a modest gain of 0.6%. Moreover, exceptionally high trading volume at 217% of normal accompanied the advance. The stock has risen 18.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Berkshire Hills Bancorp has a neutral Power Rating of 51 but a good Appreciation Score of 79, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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