The price-to-earnings ratio for Berkshire Hills Bancorp Inc (NYSE: BHLB) is above average at 29.58x. The 36-month beta value for BHLB is also noteworthy at 0.88. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for BHLB is 45.22M, and at present, short sellers hold a 1.95% of that float. The average trading volume of BHLB on January 09, 2025 was 346.56K shares.
BHLB) stock’s latest price update
Berkshire Hills Bancorp Inc (NYSE: BHLB) has experienced a rise in its stock price by 0.18 compared to its previous closing price of 27.84. However, the company has seen a fall of -1.90% in its stock price over the last five trading days. zacks.com reported 2025-01-02 that Berkshire Hills (BHLB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
BHLB’s Market Performance
Berkshire Hills Bancorp Inc (BHLB) has seen a -1.90% fall in stock performance for the week, with a -9.30% decline in the past month and a 7.89% surge in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.99% for BHLB. The simple moving average for the past 20 days is -3.10% for BHLB’s stock, with a 8.73% simple moving average for the past 200 days.
Analysts’ Opinion of BHLB
Many brokerage firms have already submitted their reports for BHLB stocks, with Seaport Research Partners repeating the rating for BHLB by listing it as a “Buy.” The predicted price for BHLB in the upcoming period, according to Seaport Research Partners is $39 based on the research report published on December 17, 2024 of the previous year 2024.
Janney, on the other hand, stated in their research note that they expect to see BHLB reach a price target of $28. The rating they have provided for BHLB stocks is “Neutral” according to the report published on July 22nd, 2024.
Hovde Group gave a rating of “Outperform” to BHLB, setting the target price at $31 in the report published on July 19th of the previous year.
BHLB Trading at -5.31% from the 50-Day Moving Average
After a stumble in the market that brought BHLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.81% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.37% upper at present.
During the last 5 trading sessions, BHLB fell by -1.90%, which changed the moving average for the period of 200-days by +25.91% in comparison to the 20-day moving average, which settled at $28.78. In addition, Berkshire Hills Bancorp Inc saw -1.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BHLB starting from Mhatre Nitin J., who purchase 1,100 shares at the price of $22.02 back on Apr 25 ’24. After this action, Mhatre Nitin J. now owns 88,799 shares of Berkshire Hills Bancorp Inc, valued at $24,221 using the latest closing price.
Tulchiner Ellen, the EVP,Head of Cnsmr Lndng&Pymnts of Berkshire Hills Bancorp Inc, sale 926 shares at $21.71 during a trade that took place back on Mar 19 ’24, which means that Tulchiner Ellen is holding 0 shares at $20,100 based on the most recent closing price.
Stock Fundamentals for BHLB
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.48 for the gross margin
The net margin for Berkshire Hills Bancorp Inc stands at 0.07. The total capital return value is set at 0.01. Equity return is now at value 3.95, with 0.34 for asset returns.
Based on Berkshire Hills Bancorp Inc (BHLB), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 0.22.
When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In summary, Berkshire Hills Bancorp Inc (BHLB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
