Berkshire Hills Bancorp (BHLB) Getting Somewhat Positive Press Coverage, Report Finds

News articles about Berkshire Hills Bancorp (NYSE:BHLB) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 45.8872830173809 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several research firms have issued reports on BHLB. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, January 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $39.50 price objective on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. BidaskClub upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $40.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.30.

Berkshire Hills Bancorp (BHLB) opened at $39.10 on Wednesday. Berkshire Hills Bancorp has a 52-week low of $32.85 and a 52-week high of $40.00. The stock has a market capitalization of $1,770.00, a price-to-earnings ratio of 21.14 and a beta of 0.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89.

In other news, Director William J. Ryan purchased 3,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of $37.87 per share, for a total transaction of $113,610.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Williar Dunlaevy sold 7,455 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $39.30, for a total value of $292,981.50. Following the completion of the transaction, the director now owns 67,747 shares of the company’s stock, valued at approximately $2,662,457.10. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

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Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

Insider Buying and Selling by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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