At the time of writing, Berkshire Hills Bancorp Inc [BHLB] stock is trading at $27.04, up 2.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BHLB shares have gain 7.39% over the last week, with a monthly amount glided 8.03%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Berkshire Hills Bancorp Inc [NYSE: BHLB] stock has seen the most recent analyst activity on December 17, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $39 for it. Previously, Janney downgraded its rating to Neutral on July 22, 2024, and kept the price target unchanged to $28. On July 19, 2024, Hovde Group reiterated its Outperform rating and revised its price target to $31 on the stock. Seaport Research Partners upgraded its rating to a Neutral. Piper Sandler upgraded its rating to a Neutral but $24 remained the price target by the analyst firm on January 10, 2024. Seaport Research Partners started tracking with a Sell rating for this stock on September 12, 2023, and assigned it a price target of $16. In a note dated October 14, 2022, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $31 to $29.
For the past year, the stock price of Berkshire Hills Bancorp Inc fluctuated between $22.03 and $32.36. Currently, Wall Street analysts expect the stock to reach $23.5 within the next 12 months. Berkshire Hills Bancorp Inc [NYSE: BHLB] shares were valued at $27.04 at the most recent close of the market. An investor can expect a potential drop of -13.09% based on the average BHLB price forecast.
Analyzing the BHLB fundamentals
According to Berkshire Hills Bancorp Inc [NYSE:BHLB], the company’s sales were 695.40M for trailing twelve months, which represents an 41.72% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.75 points at the first support level, and at 26.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.21, and for the 2nd resistance point, it is at 27.39.
Ratios To Look Out For
It is important to note that Berkshire Hills Bancorp Inc [NYSE:BHLB] has a current ratio of 0.13. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 10.98.
Transactions by insiders
Recent insider trading involved Tulchiner Ellen, EVP,Head of Cnsmr Lndng&Pymnts, that happened on Feb 11 ’25 when 1052.0 shares were sold. Officer, Tulchiner Ellen completed a deal on Feb 11 ’25 to buy 1052.0 shares.
