Berkshire Hills Bancorp Inc (NYSE: BHLB) is 0.25% higher on its value in year-to-date trading and has touched a low of $20.50 and a high of $32.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BHLB stock was last observed hovering at around $28.50 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $28.50, the stock is 1.10% and -3.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 0.00% at the moment leaves the stock 10.37% off its SMA200. BHLB registered 21.12% gain for a year compared to 6-month gain of 5.05%. The firm has a 50-day simple moving average (SMA 50) of $29.5356 and a 200-day simple moving average (SMA200) of $25.82115.
The stock witnessed a -4.59% loss in the last 1 month and extending the period to 3 months gives it a 0.81%, and is 4.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.41% over the week and 3.07% over the month.
Berkshire Hills Bancorp Inc (BHLB) has around 1340 employees, a market worth around $1.30B and $613.04M in sales. Current P/E ratio is 30.22 and Fwd P/E is 11.90. Profit margin for the company is 6.51%. Distance from 52-week low is 39.02% and -11.93% from its 52-week high. The company has generated returns on investments over the last 12 months (2.71%).
with sales reaching $103.12M over the same period.The EPS is expected to grow by 1.17% this year, but quarterly earnings will post -9.13% year-over-year. Quarterly sales are estimated to shrink -1.16% in year-over-year returns.
Berkshire Hills Bancorp Inc (BHLB) Top Institutional Holders
271.0 institutions hold shares in Berkshire Hills Bancorp Inc (BHLB), with institutional investors hold 80.71% of the company’s shares. The shares outstanding are 45.78M, and float is at 45.25M with Short Float at 3.59%. Institutions hold 79.93% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.25 million shares valued at $142.49 million. The investor’s holdings represent 14.6101% of the BHLB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.04 million shares valued at $114.97 million to account for 11.7882 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.63 million shares representing 6.1544% and valued at over $60.02 million, while STATE STREET CORP holds 4.9119 of the shares totaling 2.1 million with a market value of $47.91 million.
Berkshire Hills Bancorp Inc (BHLB) Insider Activity
The most recent transaction is an insider purchase by Mhatre Nitin J., the company’s President and CEO. SEC filings show that Mhatre Nitin J. bought 1,100 shares of the company’s common stock on Apr 25 ’24 at a price of $22.02 per share for a total of $24221.0. Following the purchase, the insider now owns 88799.0 shares.
Berkshire Hills Bancorp Inc disclosed in a document filed with the SEC on Mar 19 ’24 that Tulchiner Ellen (EVP,Head of Cnsmr Lndng&Pymnts) sold a total of 926 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $21.71 per share for $20100.0. Following the transaction, the insider now directly holds 0.0 shares of the BHLB stock.
Still, SEC filings show that on Mar 07 ’24, Adofo-Wilson Baye (Director) disposed off 10,074 shares at an average price of $22.19 for $0.22 million. The insider now directly holds 0 shares of Berkshire Hills Bancorp Inc (BHLB).
