For its third fiscal quarter (ending September 30), Berkshire Hills Bancorp Inc (NYSE: BHLB) has reported a 98% increase in E.P.S. from $0.45 a year ago to $0.89 in the current quarter. E.P.S. were $0.94 for the latest four quarters through September 30 versus $2.33 for the same period a year ago — a decline of -60%.
Recent Price Action
Berkshire Hills Bancorp Inc (NYSE: BHLB) stock declined slightly by -0.7% on 10/24/24. The stock closed at $27.30. Moreover, this decline was accompanied by unusually high trading volume at 161% of normal. The stock has declined -3.4% during the last week but has been strong relative to 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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Berkshire Hills Bancorp has a good Appreciation Score of 75 and a very high Power Rating of 87, 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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